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$675,000

11201 Avenue P, Lubbock, TX, 79423

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About this property

Discover the potential of this versatile +/- 10-acre tract located just off the corner of 114th Street and Avenue P, only minutes from I-27 and in close proximity to Cooks Garage. Situated in the county, this property offers flexibility for a wide range of potential uses. While the property is located within a designated floodway, it has remained relatively dry over the years and features relatively flat topography. With convenient access from Avenue P, the property could be an excellent location for an RV park, contractor yard, commercial development, mini-storage, or other county-approved uses. Its location near I-27 provides easy access while remaining just outside the city limits. One of the biggest advantages is its value. Priced well below many comparable commercial tracts in the area, this property offers an affordable opportunity to invest in a growing corridor with plenty of future potential. Whether you're looking to develop now or hold for future appreciation, this tract offers location, flexibility, and value.

Investor Tools

$0Estimated Mortgage Balance
$675,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,050 /month
Positive
Cash Flow Estimate:
$1,350 /month

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Jarrett Thornton

Jarrett Thornton

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Lubbock

11201 Avenue P | Property Details | No Agent List