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16706 Loop 493
Lubbock, TX 79423
Lubbock-Cooper Land · Land For Sale
·
12.53 AC
Investment Highlights
- Recently Appraised for $1,500,000 (Appraisal Available Upon Request)
- 1,300’ of Direct Frontage off Highway-87 with 17,000 Vehicles Passing Per Day
- Positioned Outside City Limits (OCL) with Flexible Development Potential
- $88,244 Median Household Income - 5-Mile Radius* (Yardi)
- Access to A-Rated Cooper ISD Schools (Niche)
- Strong Demand Drivers from Texas Tech University, University Medical Center, Covenant Health & Medical District Employment
Executive Summary
The Multifamily Group is pleased to present 12.5+ acres of prime, developable
land in the rapidly growing southeast corridor of Lubbock, Texas.
Situated just south of Highway-87 and outside of city limits (OCL), the
property offers exceptional flexibility for future development. Featuring
approximately 1,300 feet of direct frontage along Highway-87, the site
benefits from strong visibility and convenient access to major employment,
retail, and educational hubs throughout Lubbock.
land in the rapidly growing southeast corridor of Lubbock, Texas.
Situated just south of Highway-87 and outside of city limits (OCL), the
property offers exceptional flexibility for future development. Featuring
approximately 1,300 feet of direct frontage along Highway-87, the site
benefits from strong visibility and convenient access to major employment,
retail, and educational hubs throughout Lubbock.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 12.53 AC |
| Zoning | OCL - Outside of City Limits | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 12.53 AC |
| Zoning | OCL - Outside of City Limits |
1 Lot Available
Lot
| Lot Size | 12.53 AC |
| Lot Size | 12.53 AC |
The subject property consists of 12.525 acres of vacant land located south of 16706 TX-493 Loop in Lubbock, Texas.
Description
The subject property consists of 12.525 acres of vacant land located south of 16706 TX-493 Loop in Lubbock, Texas. It is situated within Lubbock County and zoned OCL (Outside of City Limits). The site features approximately 1,300 feet of highway frontage along U.S. Highway 87, a divided highway serving as a major transportation corridor. The property is not located within a flood zone. Surrounding land uses include residential developments, educational institutions within the Lubbock-Cooper Independent School District, and community-serving infrastructure.
Property Taxes
| Parcel Number | R334908 | Improvements Assessment | $0 CAD |
| Land Assessment | $155,454 CAD | Total Assessment | $155,454 CAD |
Property Taxes
Parcel Number
R334908
Land Assessment
$155,454 CAD
Improvements Assessment
$0 CAD
Total Assessment
$155,454 CAD
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