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    OFF-MARKET
    Commercial real estate

    5107 98Th St, Lubbock, TX 79424

    3.94 ac lot
    Property ID
    US82-6635649
    Property summary
    AI-generated overview

    This exceptional 3.94-acre development tract in Southwest Lubbock, Texas, presents a unique investment opportunity. Located at 5107 98th St, Lubbock, TX 79424, this property boasts a stellar location near luxury residential homes and newly constructed commercial retail, offering unparalleled convenience and visibility. Zoned C3, this expansive lot (171,626 square feet) provides ample space for a variety of commercial ventures, including office parks, medical facilities, and other suitable uses. The property benefits from convenient access to both Slide Road and 98th Street, ensuring excellent accessibility for both employees and customers. All essential utilities are in place, including sanitary sewer and water services. While rail service is not available, the strategic location and zoning make this a highly desirable site for developers seeking a prime location in a thriving area of Lubbock. The asking price is $1,802,077, translating to $457,380 per acre, reflecting the exceptional value and potential of this remarkable property. This is an ideal opportunity to capitalize on the growth and development in Southwest Lubbock.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 3.94 ac (171,626 SF)
    UPID US82-6635649
    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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