Aspen Ave New Deal, TX 79403
- Land
- 11.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Aspen Ave
- Lot size
- 11.00 lot acres
- Property type
- Land
Description
This exceptional 11-acre commercial land parcel presents a unique investment opportunity in New Deal, Texas. Located in a burgeoning planned development just minutes from Lubbock, this property boasts unparalleled visibility and accessibility due to its prime location along Interstate 27, a major thoroughfare with a daily traffic count of 20,000 vehicles. The site is fully serviced with water, sewer, and electricity, eliminating significant upfront infrastructure costs. Pro-rated main fees have already been paid by the developer, streamlining the development process. This land is ideally suited for a variety of uses, including retail, residential, commercial, or multifamily developments. The property benefits from its location within an opportunity zone, offering substantial tax incentives for long-term investors. The surrounding area is experiencing significant growth, with a new roadside convenience store and truck stop already operational, and a 45,000 square foot retail shopping center currently under construction and in the pre-leasing phase. New Deal is a thriving community with top-rated schools, further enhanced by a recently approved $48.5 million school bond. The owner will consider subdividing the property. Proximity to Lubbock Preston Smith International Airport adds further appeal. This is a rare chance to capitalize on the rapid expansion of New Deal and its strategic location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Deal
- County
- Lubbock
- State
- Texas
- Longitude
- -101.842
- Latitude
- 33.7342
