702 Loop 289Lubbock, TX 79403

Property Details for 702 Loop 289

Year built

1995

Lot size

34.16 AC

Property size (Sq ft)

205,567 SF

Zone code

38

Property type

Retail properties

Property subtype

Auto shops

APN

R140046

APU

R140046

Description

This exceptional 10.467-acre industrial land parcel presents a compelling investment opportunity in Lubbock, Texas. Strategically located on the south side of Northeast Loop 289, this property offers unparalleled access to major transportation arteries, including Loop 289 and Interstate 27, ensuring seamless logistics and efficient distribution. The property is zoned Light Industrial (LI), providing flexibility for a wide range of industrial development projects. The land is uniquely divided into two sections, each offering distinct advantages for development. Significant frontage along Loop 289 provides exceptional visibility and accessibility. The asking price for this prime industrial land is $975,000. This location in Lubbock County, Texas, zip code 79403, presents a rare chance to acquire a substantial tract of land ideally suited for various industrial uses. The property's convenient location and zoning make it an attractive prospect for businesses seeking a strategic foothold in a thriving market. Detailed site plans and further information are available upon request. Don't miss this chance to secure this valuable asset in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $44,831,604

  6.5%

  $41,383,020

  7%

  $38,427,088

• Comparable approach

  Method

  Valuation

  Relative Method

  $46,216,580

  Geo Method

  $62,329,232

• Alternative Use

  Use

  Valuation

  Residential

  $34,908,124

  Hospitality

  $31,975,654

  Educational

  $26,603,370

  Medical

  $27,518,300

  Retail

  $41,383,020

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.5901

Longitude

-101.937

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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