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    OFF-MARKET
    Land

    1620-1672 82Nd St, Lubbock, TX 79423

    1.55 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.55-acre parcel in Lubbock, Texas, presents a prime opportunity for residential development. Located at 1620-1672 82nd Street, Lubbock, TX 79423, this property is zoned for low-density residential use and is ideally suited for the construction of approximately 27 townhomes. The asking price is $700,000. Detailed plans are available with an acceptable offer, streamlining the development process. Its strategic location within a thriving and desirable area of Lubbock County ensures high demand and strong potential for rental income or resale. The property's 1.55-acre size provides ample space for the planned townhomes, along with potential for additional amenities or green spaces. This development-ready land offers a unique chance to create a vibrant and attractive residential community in a sought-after location. All necessary utilities are readily accessible, minimizing development complexities and accelerating project timelines. This is a turnkey opportunity for developers seeking a high-return investment in a growing Texas market. The property is ready for immediate development, offering a significant advantage in a competitive market. Don't miss this chance to capitalize on the strong demand for residential housing in Lubbock.

    Property profile
    Verified
    Property type Land
    Lot 1.55 ac (67,518 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
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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