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Interstate 27
Lubbock, TX 79403
Land For Sale
·
30.00 AC
Investment Highlights
- 30-acre hard corner off I-27 near Lubbock, TX, with over 17,500 daily vehicles, ensuring high visibility and accessibility.
- Lubbock County's population up 8% since 2010; strong economy supported by agriculture and Texas Tech University, with a 3.2% unemployment rate.
- Strategic location with a detailed development plan, economic growth, and comprehensive utilities, making it a prime investment in Lubbock County.
- A part of a 550-acre development with a Luxury RV and Water Park (258 units), dual retail centers, and a residential neighborhood.
- New Deal, Texas parcel with municipal water, sewer, and reliable electric and gas, ready for development.
Executive Summary
Master Development Project: Encompassing over 550 acres, the forthcoming development features a Luxury RV and Water Park comprising 258 units, complemented by dual retail centers adjacent to the subject property and a residential neighborhood; promising a comprehensive and integrated community environment.
Area Growth: Lubbock County has witnessed substantial growth, marked by an 8% population increase since 2010. The robust local economy, anchored by a thriving agricultural sector and Texas Tech University, supports a low unemployment rate of 3.2%. Serving as a pivotal commercial hub for West Texas, Lubbock offers strategic access to regional markets and extensive transportation networks.
Equipped with Utilities: Located within the city limits of New Deal, Texas, this prime commercial parcel is fully equipped with essential utilities, including municipal water, sewer services, and reliable electric and gas connections, ensuring immediate readiness for development initiatives.
Investment Opportunity: With its detailed master development plan, strong local economic growth indicators, and strategic location supported by comprehensive utility infrastructure, this property presents an exceptional investment opportunity within Lubbock County's dynamic and expanding market.
Property Facts
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 30.00 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | Commercial | ||
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 30.00 AC |
| Opportunity Zone |
Yes |
| Zoning | Commercial |
1 Lot Available
Lot
| Price | $7,839,721 | Lot Size | 30.00 AC |
| Price Per AC | $261,324.03 |
| Price | $7,839,721 |
| Price Per AC | $261,324.03 |
| Lot Size | 30.00 AC |
Up to 30 acres with the option to down size
Description
Marcus & Millichap is pleased to present the unique opportunity to acquire the 30-acre lot located on the hard corner of I-27 & N FM 1729 in New Deal, TX. This prime location offers easy accessibility directly off the exit ramp, with high traffic counts and excellent visibility. This property is part of a major development project, which includes a new luxury RV/Water Park, institutional retail centers, and a residential neighborhood located directly behind. Positioned 3.5 miles from the Lubbock Airport and 7 miles from Texas Tech University. Lubbock County is rapidly growing, supported by a $48 million school expansion bond. With its strategic location and strong growth projections, the property has high-potential investment opportunities in the evolving New Deal and Lubbock markets.
Property Taxes
| Parcel Number | R34721 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $42,116 |
Property Taxes
