WITHIN LUBBOCK CITY LIMITS! ON WEST 19TH STREET (HWY 114)
MULTI USE DEVELOPMENT LAND - MULTI FAMILY RESIDENTIAL TO LIGHT INDUSTRIAL
Marketing description
This 58.08 AC Parcel is located on West 19th in the City Limits of Lubbock, It is currently unplatted and zoned but it most likely will go Urban or perhaps Heavy Commercial. The property has rail on the South and East border operated by Lubbock and Western Railway and interchanges with BNSF.
This parcel is also expected to have Loop 88 FRONTAGE on the West side of the property. Currently the plan shows to fund this portion in 2029.
There are utilities available along 19th with Natural Gas and Water and Sewer that can be extended from the New Residential development to the East of the Railroad.
ALL THE INGREDIENTS ARE THERE FOR A FIRST CLASS LIGHT INDUSTRIAL PARK!!! OR MULTI- FAMILY OR APARTMENTS.
Investment highlights
Property is currently farmed by a Tenant on a Year to year basis with a 75/25 split currently. He will be happy to continue until developed . Subsurface Irrigation tape was replaced a couple of years ago.
HELPS TO OFFSET HOLDING COST IF YOUR NOT READY TO DEVELOP
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