East Farm to Market Road 40

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East Farm to Market Road 40

Lubbock, TX 79403
Asking Price
$10K
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel available for purchase on East Farm to Market Road
  • Located in Lubbock, Texas within the regional South Plains market
  • Offered at an asking price of ten thousand dollars
  • Well-positioned site for future residential development and housing construction
  • Accessible location supported by established local infrastructure and regional transit

What's Special

Developing this residential land parcel on East Farm to Market Road 40 provides a straightforward path for new housing construction in Lubbock. Positioned within a growing market, the site allows for flexible residential planning to meet the needs of the local community. The area benefits from the city's role as a major hub for commerce, education, and healthcare in the South Plains region of Texas. Its placement within the regional transit network ensures access to local amenities and major thoroughfares throughout the county. Investors and builders looking for a foothold in the Lubbock market will find this land well-suited for single-family or multi-unit residential projects. The site geography integrates into the existing suburban landscape, offering a blank canvas for residential development. With the city experiencing steady demand for housing, this property provides a functional location for residential expansion to support the region's increasing population.

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NOI
$80,000
Cap Rate
800.00%
DSCR
134.75
Strong
Cash-on-Cash
2646.88%
Monthly Payment
$49.475
Annual Cash Flow
$79,406.305

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