1620-1672 82Nd St, Lubbock, TX 79423
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.