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19th Street
Lubbock, TX 28403
Asking Price
$12.58M
Asset Type
Commercial Land
Class
Class B
What's Special
Land <ul><li>All Acreage is within the City Limits of Lubbock, TX</li><li>Currently farmed by Tenant farmer who owns pivot sprinklers and owners drip systems</li><li>All properties are within City Limits of Lubbock</li><li>City of Lubbock Water and Sewer are available to all parcels</li><li>63.79 Ac of Commercial</li><li>232.5 Ac of Residential</li><li>60 Ac. infrastructure land</li><li>Property is currently zoned Residential but subject to rezoning to commercial as needed</li><li>future use
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NOI
$80,000
Cap Rate
0.64%
DSCR
0.11
Underwater
Cash-on-Cash
-17.67%
Monthly Payment
$62,217.732
Annual Cash Flow
$-666,612.781
