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 |
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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The information presented herein is provided as is, without warranty of any kind.
Neither Lubbock Association of REALTORS® nor
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