220 S Aspen Ave, Lubbock, TX 79403

25 Acres – Multi-Family Zoned Land | New Deal, TX

This 25-acre tract, located directly south of the Road Ranger Travel Center, offers exceptional potential for multi-family along the high-visibility I-27 corridor in New Deal, Texas.

Positioned just minutes north of Lubbock, the site benefits from heavy daily traffic, established infrastructure, and rapid population expansion in the surrounding area. With utilities nearby (water, sewer, and electricity) and multi-family zoning, the property is ready for future users seeking frontage exposure and accessibility in one of West Texas’s fastest-growing submarkets.

Development Outlook
This tract offers a rare opportunity to secure large contiguous acreage zoned for multifamily development in one of the region’s fastest-growing corridors. With nearby commercial activity anchored by Road Ranger and I-27 frontage, the site is ideally positioned for apartments, townhomes, or build-to-rent communities that serve both New Deal and the expanding North Lubbock market.

Its proximity to utilities, schools, and major employers makes it a strong fit for a residential developer seeking long-term growth potential in a high-visibility location.

Key Features

• ± 25 acres zoned Multi family

• Excellent I-27 visibility and access

• Utilities nearby (water, sewer, electricity)

• Within an Opportunity Zone for potential tax advantages

• Strong traffic counts and proximity to active development

Community Overview
New Deal is experiencing steady growth fueled by its proximity to Lubbock, welcoming atmosphere, and high-performing schools. A $48.5 million school bond is currently enhancing local infrastructure, supporting continued residential and commercial expansion.