2424 N Loop 289 - Prime Commercial Development Opportunity
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2424 N Loop 289 - Prime Commercial Development Opportunity
12.4 Acres of Commercial Land Offered at £1,643,145 in Lubbock, TX 79415
Investment Highlights
- High Traffic
- Easy access
- Adjacent to the proposed Expo Center
Executive Summary
This expansive 12.4-acre property offers an unmatched development opportunity, ideally positioned at the intersection of North University and Loop 289 in Lubbock, Texas. Featuring prominent frontage and dual-access points on both roads, the site ensures maximum visibility and accessibility. Zoned HC - Heavy Commercial with 2.8 acre of the property already platted and ready to go. Fully equipped with essential utilities including water, sewer, and electricity directly to the site, this parcel is primed for immediate development. Its strategic location adjacent to the proposed Lubbock Expo Center amplifies its potential, making it an excellent site for hospitality, retail, or mixed-use developments. Situated just minutes from Texas Tech University, the property benefits from its proximity to a vibrant academic community and a steady influx of students and visitors. Additionally, the nearby Lubbock Airport adds a layer of convenience, enhancing the site’s appeal for businesses targeting both local and traveling patrons. Don’t miss out on this exceptional opportunity to develop in one of
Lubbock’s fastest-growing areas, perfect for investors looking to capitalize on a well-positioned and versatile property.
Lubbock’s fastest-growing areas, perfect for investors looking to capitalize on a well-positioned and versatile property.
Property Facts
Price | £1,643,145 | Property Subtype | Commercial |
Sale Type | Investment or Owner User | Proposed Use | |
Sale Conditions | 1031 Exchange | Total Lot Size | 12.40 AC |
No. Lots | 1 | Opportunity Zone |
Yes
|
Property Type | Land |
Price | £1,643,145 |
Sale Type | Investment or Owner User |
Sale Conditions | 1031 Exchange |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Proposed Use | |
Total Lot Size | 12.40 AC |
Opportunity Zone |
Yes |
1 Lot Available
Lot
Price | £1,643,145 | Lot Size | 12.40 AC |
Price Per AC | £132,512 |
Price | £1,643,145 |
Price Per AC | £132,512 |
Lot Size | 12.40 AC |
12.4 acres, flat, no flood, zoned IHC, all utilities to the property, frontage on Loop 289 and North University. 2.8 acres of the property has already been platted. Adjacent to Stripes.
Description
Raw land with frontage on Loop 289 and North University Road
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £0 | |
Land Assessment | £2,911 | Total Assessment | £2,911 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£2,911
Improvements Assessment
£0
Total Assessment
£2,911
zoning
Zoning Code | HC (Heavy Commercial) |
HC (Heavy Commercial) |
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2424 N Loop 289 - Prime Commercial Development Opportunity
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