
$331,030
NAL Estimated Property Value2422 Fm 1294, Lubbock, TX, 79403
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About this property
3 Acres of OPPORTUNITY are screaming on the corner of FM 1294 and North University. The Farmer's Depot building has a history of bustling trade and has housed retail shopping, hair stylists, feed supplies and multiple restaurants. This 7,500 sf warehouse is full of potential for mixed use with a semi-truck loading dock, multiple overhead doors, full electricity and water, and partial ductwork to install a new HVAC system. This 3 acres in a quickly developing area could be your next mechanic shop, feed store, gas station, RV & storage building business and so much more. Just 10 minutes North of Texas Tech is the perfect place to invest and dream.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Lubbock
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