FM 41 PRIME Development Land

Vacant Land for Sale
Catylist Listing ID: 30796138
Property Subtypes: Agricultural, Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage
Gross Land Area: 157 Acres
Sale Price: $15,000 Per Acre
Total Price: $2,355,000
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/4/2022

Overview / Comments

**PRIME** development opportunity within the path of progress and excellent access and frontage! Located in Frenship ISD, this property offers 0.5 miles of paved FM 41 frontage, 0.5 miles of maintained county road frontage, and electricity on 3 sides of the property within the desired South Plains Electric service area. Lubbock is growing and extending southwest, and residential developments are springing up all around this property. The Lubbock SMSA is projected to grow up to 379k people by 2030 and 486k people by 2050! Frenship ISD enrollment has increased 35% in 10 years making it the 13th fastest growing school district in Texas. With limited land in southwest Lubbock and a growing need for housing, this is a fantastic build opportunity!

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Taxing Authority: LCAD
Tax ID/APN: R61330
Zoning: N/A
Property Located Between: Slide and FM 179
Property Visibility: Excellent
Legal Description: BLK 20 SEC 52 AB 1474 NW/4
Largest Nearby Street: FM 179
Feet of Frontage: 2,640
Traffic/Vehicle Count: 1,186
Highway Access: FM 41 (194th)
Site Description: Mostly level. 15 ft of elevation change on entire property. Electric on 3 sides of the property. SW corner has a natural slope which would be excellent for a retention basin/pond
Area Description: New residential developments in the area. In the path of progress.
Lot Frontage: ~2640 feet
Lot Depth: ~2640 ft
Zoning Description: Outside City Zoning
In Flood Plain?: Yes
Topography: Gently Sloping
Available Utilities: Electric
Water Service: Well
Sewer Type: None

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,632 8,495
Median Age: 36.98 34.79
Households: 1,206 2,953

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