For Sale
$2,118,000

118th St & Slide Rd Lubbock, TX 79424

11.4 Acres, Vacant, $2.1M

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 11.4-acre commercial property, located west of 118th Street and Slide Road in Lubbock, Texas (zip code 79424), presents a unique investment opportunity. Priced at $2,118,000 ($185,789/acre), this vacant land boasts a 16,000 square foot existing steel frame structure that could be relocated, offering flexibility for various development plans. The property features a well and septic system, and benefits from a dedicated access easement off Slide Road. Situated in a transitional zoning area outside Lubbock city limits, this location allows for diverse uses and development possibilities. The land is remarkably flat, with a lot depth of 0.38 miles and a width of 252 feet. Water rights are included. The property is available March 6th, 2024. Built in 1999, the site offers a compelling combination of existing infrastructure and development potential. The asking price per square foot is $4.27, and the cap rate is 100%.

Highlights

  • Available March 6, 2024
  • $4.25 per square foot (PSF) lease rate
  • Level topography
  • Water rights included
  • 0.38-mile lot depth
  • 252-foot lot width

Property Details for 118th St & Slide Rd

Property type
Retail properties, Land
Square Feet
16,000 SF
Year Built
1999
Lot Size (sq. ft)
498,326 SF

Location Insight

City
Lubbock
County
Lubbock
State
Texas
Latitude
33.4866504
Longitude
-101.9223114

FAQs

What type of property is this?
Retail property - 11.4 Acres, Vacant, $2.1M
Where is the retail property located?
The property is located at 118th St & Slide Rd Lubbock, TX.
What is the asking price?
The asking price for this property is $2,118,000.
What are key features of this property?
This property features: Available March 6, 2024; $4.25 per square foot (PSF) lease rate; Level topography
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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118th St & Slide Rd
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