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1620 Loop 289 Lubbock, TX 79403

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58.04 ac lot
1620 Loop 289, Lubbock, TX 79403 For Sale
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1620 Loop 289, Lubbock, TX 79403
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Estimated value
No estimation on file for this property yet.
Property ID US83-2913945

Property summary

AI-generated overview

This exceptional 58.04-acre commercial land parcel presents a compelling investment opportunity in Lubbock, Texas. Strategically located on North Loop 289, this property enjoys convenient access to major transportation arteries, including Marsha Sharp Freeway, ensuring seamless connectivity throughout the city. Its placement within a designated Opportunity Zone further enhances its appeal, offering potential tax advantages for qualified investors. The expansive acreage is well-suited for a variety of commercial developments, including industrial, manufacturing, or even a mobile home park. The site benefits from the proximity to the new Lubbock Expo Center, adding to its desirability. Furthermore, the property boasts readily available utilities and the advantage of BNSF Railroad accessibility, providing significant logistical benefits for businesses requiring rail transport. Detailed site plans and pricing are available upon request. This is a rare opportunity to acquire a substantial tract of land in a rapidly developing area of Lubbock, offering significant potential for future growth and return on investment. The property is owned by Stephens4Enterprise, LLC. The address is 1620 N Loop 289, Lubbock, TX 79403.

Property profile

Verified
Property type Land
Lot 58.04 ac (2,528,222 SF)
UPID US83-2913945

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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