Property summary
This 1.885-acre commercial and residential land parcel in Wolfforth, Texas, presents a compelling investment opportunity. Located at 7100 Alcove Ave, Lubbock County, TX 79382, this rectangular lot boasts two street frontages, offering excellent accessibility and visibility. The property is ideally situated between established apartment complexes (The Reserves at Preston Trails, 117 units built in 2017) and newer duplexes (built 2020 and later), indicating strong rental demand in the immediate vicinity. Priced at $250,000 ($3.04/sq ft), this level lot features PD zoning permitting multi-family development. Free of trees, flood concerns, and unusual easements, the site is ready for development. All city utilities are readily available. This location is well-suited for a small multi-family apartment complex, or other neighborhood-serving developments such as a church. The APN is R329499.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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