Loop 88 & Slaton Highway (US-84)
Commercial Land on Loop 88 & Slaton Highway (US 84)
Marketing description
SELLER FINANCING AVAILABLE
Discover a prime development opportunity with this expansive 329.4 acre tract of land, strategically positioned in the path of the new Loop 88 in Lubbock. This property offers over 1,800 feet of frontage along US-84 & the upcoming Loop 88, situating it perfectly for high-visibility commercial ventures and premier living in a great location.
This site is uniquely located where the future interchange between Loop 88 and Highway 84 will be established, making it an ideal location for a large truck stop, or similar high-traffic commercial retail establishments. The extensive frontage provides unparalleled access and visibility, ensuring maximum exposure for any business development.
The entire tract is less than 12 miles southeast of Lubbock. Beyond its commercial potential, the setback tracts of land offer an excellent opportunity for residential development. The City of Slaton is prepared to annex and provide services and less than 3,000' from the site are sewer and water lines. 100% Water Rights / 50% Wind Rights Convey with interest from the City of Slaton already.
These areas are perfect for large master-planned communities, subdivisions, and other residential projects, providing a balanced mix of commercial and residential growth possibilities. Lake 7 recently announced in Lubbock, the development of 800+ homes on Slaton Hwy and the Leprino Cheese Factory and its 1,600 new jobs give life to this area. Take advantage of this rare opportunity to secure a large versatile pice of land in a rapidly developing area.
Investment highlights
City of Slaton: generous property tax abatements for development
SEDco Grants: various grant programs and incentives for businesses and developers
Infrastructure Projects: new water tower and enhanced wastewater infrastructure in collaboration with the Texas Water Development Board
Nearby Amenities and Infrastructure: All American Dodge & Chevrolet, Ron Hoover RV Dealer, ClearTech, and Aviation Airpark
City of Lubbock Water Station & Electrical Substation
Nearby: Slaton Municipal Airpark: 3 minutes away | Lubbock Preston Smith International Airport: 20 minutes away | Texas Tech University: 20 minutes away | Hospitals: 25 minutes away with potential for new healthcare facilities with available commercial space
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