New Home, TX - Residential Land - 116 AC

Vacant Land for Sale
Catylist Listing ID: 30767348
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 116.43 Acres
Sale Price: $1,600,000
Unit Price: $13,742 Per Acre
Sale Terms: Cash to Seller, Purchase Money Mortgage, Other
Cap Rate: Undisclosed
Last Updated: 10/12/2021

Overview / Comments

Located just north of New Home, TX on the east side of Main Street.

New Home is a growing small community with a great school system. Since 2000, New Home’s population, average home value and average income has more than doubled. Being one of the only penetrating roads through FM 41, the southern growth from Lubbock is naturally funneled down Slide Road to New Home. This natural growth has fueled many new subdivisions such as The Palms, Broadview Estates, Nora West, Ranchland Estates, Brooke Manor and Gill Estates. The school system has maintained an A rating with zero dropouts and 100% graduation over the last four years. Additionally, New Home scores higher on SAT/ACT testing than the state average. This large development tract of land located in north New Home is ideal and ready for residential, high-density and affordable housing developments.

A portion of this property is in the floodplain.

Attachments & Media

Additional Details

Nearest MSA: Lubbock
County: Lynn
Tax ID/APN: 10343/2

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Demographic Statistics

Proximity: 5 miles
Total Population: 1,917
Median Age: 41.01
Households: 734


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