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    OFF-MARKET
    Land

    3309 116Th St, Lubbock, TX 79423

    1.21 ac lot
    Property ID
    Property summary
    AI-generated overview

    This 1.21-acre commercial land parcel is ideally situated in Lubbock, Texas, at 3309 116th Street, just east of Indiana Avenue. Zoned for commercial use, this property presents a prime opportunity for retail, office, or restaurant development. Its location near the intersection of 114th and Indiana ensures high visibility and accessibility within a rapidly growing area. The surrounding area boasts significant recent development, including Laura Bush Middle School, Hatton Place, and The Gates subdivisions, contributing to a thriving community. Major retailers such as Walmart, HEB, Academy, and Chick-fil-A are conveniently located within one mile, along with the new outer Loop 88 (currently under development). Utilities are readily accessible, with water available along the property's south side and sewer located approximately 345 feet to the west. Importantly, recent drainage improvements have removed the property from the floodplain. This exceptional location, combined with excellent visibility and convenient access, makes this south Lubbock property a compelling investment opportunity. The asking price is $500,722.20, with a land value of $9.50 per square foot.

    Property profile
    Verified
    Property type Land
    Lot 1.21 ac (52,708 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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