Fantastic Opportunity for Investment Property

Vacant Land for Sale
Catylist Listing ID: 30297701
Gross Land Area: 1.01 Acres
Sale Price: $599,000
Unit Price: $593,069 Per Acre
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Last Updated: 11/28/2018

Overview / Comments

Located in rapidly growing South Lubbock, this NNN investment provides a great opportunity for a new investor with incredible cash flow. Perfect 1 acre corner lot on growing FM 1585, right across from Dollar General.

Frontage on Proposed Loop 88
Corner Lot with FM 1585 Frontage
Excellent Location for Development
Newly Leased for 2 Years at $2500 Monthly NNN

Additional Details

Nearest MSA: Levelland
County: Hockley
Tax ID/APN: R131999
Property Visibility: Excellent
Largest Nearby Street: FM 1585
Highway Access: I-27
Site Description: Excellent Corner Lot Located on the corner of FM 1585 and Avenue P in South Lubbock. Quick access to Interstate 27.
Topography: Level

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 21,505 88,164
Median Age: 36.33 36.82
Households: 8,566 35,607


Photograph of Listing Agent

Sue Stephens, ALC

WestMark Commercial West Texas CIE Member
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