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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.

Attachments

Lubbock 12+

Property Facts

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
Commercial
  • Retail
  • Office
  • Mixed Use
  • Auto Repair
  • Bank
  • Hotel
  • Motel
  • Restaurant
  • Self Storage
  • Strip Centre
Total Lot Size 12.40 AC
Opportunity Zone Yes

1 Lot Available

Lot

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

PROPERTY TAXES

Parcel Numbers
Multiple
  • R66323
  • R159870
Land Assessment
£2,911
Improvements Assessment
£0
Total Assessment
£2,911

zoning

Zoning Code HC (Heavy Commercial)
HC (Heavy Commercial)
  • Listing ID: 31999656

  • Date on Market: 03/06/2024

  • Last Updated:

  • Address: 2424 N Loop 289, Lubbock, TX 79415

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