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Municipal Dr & Fm 2641 124.8 Acres of Commercial Land Offered at $1,248,000 in Lubbock, TX 79403
Investment Highlights
- Paved frontage, potential rural development, and, great location for data, or energy resources such as solar or wind.
Executive Summary
Property currently being farmed but has paved frontage along FM 2641 and is conveniently located between Lubbock and Idalou in a growing area. Owner retains crops if the farm has been planted unless otherwise agreed to.
Property Facts
| Price | $1,248,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 119.25 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $1,248,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 119.25 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $1,248,000 | Lot Size | 124.80 AC |
| Price Per AC | $10,000.00 |
| Price | $1,248,000 |
| Price Per AC | $10,000.00 |
| Lot Size | 124.80 AC |
Two parcels (R76606 & R87775) totaling ±124.8 acres available in northeast Lubbock. Frontage on FM-2641, E Municipal Dr, and N Olive Ave. Easily access I-27 from 2641 or (HWY 62/82) Frontage allows for access to a residential community developer.
Description
Two parcels (R76606 & R87775) totaling ±124.8 acres available in northeast Lubbock. Frontage on FM-2641, E Municipal Dr, and N Olive Ave. Easily access I-27 from 2641 or (HWY 62/82) Frontage allows for access to a residential community developer, commercial use, and many other potential uses for any avid investor to add additional income to their portfolio.
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Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | R74606 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $32,632 |
Property Taxes
Parcel Number
R74606
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$32,632
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Contact the Sale Advisor
Municipal Dr & Fm 2641