3201 Loop 289 Lubbock, TX 79423
- Land
- 8.58 lot acres
Current Use by Public Records
- Land
Property Details for 3201 Loop 289
- Lot size
- 8.58 lot acres
- Property type
- Land
Description
This exceptional 8.583-acre commercial land parcel is situated on South Loop 289 in Lubbock, Texas, offering unparalleled development potential. Zoned MDR, this property boasts a prime location between Indiana Avenue and University Avenue, providing excellent visibility and accessibility. Nearby established businesses include Target, Wendy's, McDonald's, Pyramid Office Plaza, Pollard Ford, and Gene Messer Volkswagen, indicating a strong commercial presence in the immediate area. The site also overlooks an attractive playa lake, adding to its aesthetic appeal. This location benefits from its proximity to Texas Tech University, Covenant Health systems, and South Plains Mall, ensuring a large and diverse customer base. The property is less than 10 minutes from these key locations and dozens of other retailers, making it an ideal site for a variety of commercial developments. The land is divisible, offering flexibility for various project sizes. The asking price is $4,500,000, translating to approximately $522,720 per acre. The lease expires December 31, 2024, with minimal remaining lease term. This is a rare opportunity to acquire prime commercial land in a rapidly growing area of Lubbock. Contact us for further details and to explore the possibilities this exceptional property presents.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.882
- Latitude
- 33.529
