Airport 80 ac
Excellent opportunity right next to Lubbock City limits! Situated next to Lubbock International Airport, this property has fantastic future opportunity. Located in a Tax Deferred Opportunity Zone for those looking to replace property with a 1031 exchange. Lubbock Future Land Use Plan has this designated as "Industrial". This 80 acres is currently leased with a tenant farmer and enjoys a nice return on investment.
Property Details:
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80 (+/-) acres
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Paved E CR 6100
Frontage -
Electric at south border
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Owner production participation income averages of $8,500 annually, with exceptional years bringing in upwards of $18,000
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Idalou ISD
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Right next to Lubbock city limits
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Located in an Opportunity Zone for tax deferred investors
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Lubbock Future Land Use Plan has this designated as industrial
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$3,200/acre or $256,000