Property profile

0 Marsha Sharp Fwy Lubbock, TX 79407

OFF-MARKET
Land
2 ac lot
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Property summary

AI-generated overview

This exceptional 12.46-acre commercial and industrial land parcel presents a remarkable development opportunity in Lubbock, Texas. Strategically located on Marsha Sharp Freeway and 66th Street, this property boasts over 1,600 feet of frontage, providing unparalleled visibility and accessibility. Two curb cuts ensure convenient ingress and egress. Its prime location offers easy access to Loop 289, Spur 327, and the Milwaukee Avenue retail corridor, maximizing exposure and attracting a wide range of potential businesses. Essential utilities, including sanitary sewer, are readily available. The property is situated in a rapidly growing area of Lubbock, benefiting from a thriving economy and expanding population. This versatile land is ideal for a variety of commercial and industrial uses. The asking price is $6,784,470, with a land value of $12.50 per square foot. The seller is willing to consider dividing the property. This presents a unique chance to capitalize on Lubbock's robust commercial real estate market. The property is zoned for commercial and industrial uses (buyer to verify). The address is Marsha Sharp Freeway, Lubbock, Texas, 79407.

Property profile

Verified
Property type Land
Lot 2 ac (87,120 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Marsha Sharp Fwy Lubbock, TX 79407
Lubbock metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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