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Property profile & analytics
OFF-MARKET
Land

142nd St And Hwy Lubbock, TX 79423

2.06 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.06-acre commercial land parcel presents a remarkable development opportunity in rapidly expanding South Lubbock, Texas. Strategically located near the intersection of 142nd Street and Highway 87, this property boasts convenient access to major transportation routes, ensuring high visibility and accessibility for any future development. The land itself is remarkably level and cleared, eliminating the need for extensive site preparation. Existing infrastructure includes three sides of perimeter fencing, providing a secure boundary, and a substantial 200-amp electrical service, simplifying utility connections. Further enhancing its practicality, the property features a functioning water well, reducing reliance on municipal water sources and potentially lowering operational costs. Zoned for commercial use outside city limits, this tract offers flexibility for a variety of development projects, from retail spaces to light industrial uses. The asking price of $149,000 represents a compelling investment in a prime location with significant growth potential. This is an ideal opportunity for developers seeking a readily developable site in a thriving area of Lubbock County, Texas, with a 79423 zip code. The property's location and existing infrastructure make it an attractive proposition for businesses seeking a strategic foothold in this dynamic market. Don't miss this chance to acquire a valuable piece of South Lubbock real estate.

Property profile
Verified
Property type Land
Lot 2.06 ac (89,734 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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