6300 Shallowater Dr Lubbock, TX 79416
This exceptional 431.7-acre property, situated in Lubbock County, Texas, presents a remarkable investment opportunity for discerning developers and builders. Located just outside city limits, this expansive land is divided into two convenient parcels: one encompassing 199 acres and the other spanning 232.7 acres. Its strategic location offers easy access to Lubbock's amenities and the Shallowater Independent School District, while remaining a mere 6.6 miles from Loop 289. The property's zoning allows for a wide array of development possibilities, including residential communities, commercial ventures, or recreational spaces. A significant advantage is the presence of five wells on the property, ensuring a readily available water supply crucial for any large-scale development project. The address is Alcove & CR 6300 Shallowater, Lubbock, TX 79416, and the asking price is $5,827,950, translating to $13,500 per acre. This land is ideally positioned near the future Loop 88, further enhancing its long-term value and accessibility. The property is zoned Outside City Limits.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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