Shallowater Development Land

$1,496,250
Under Contract
Shallowater Development Land
Shallowater Development Land
Shallowater Development Land

Property Details

ID: 46279
Status: Under Contract
Price: $1,496,250
Acres: 158±
Price Per Acre: $9,470
Type: Undeveloped Land, Business Opportunity
City, State: Shallowater, Texas
County: Lubbock
ZIP Code: 79363
Presented By: Peter Griffith

Description

Heres an opportunity for a savvy investor to get ahead of the curve and obtain 157.5± acres with a prime location and frontage along the future outer Loop 88 project just outside Shallowater along FM 179.

 

These properties have two separate owners. The properties can be purchased as a package or separately. The owner to the North has roughly 70.9± acres, and the owner to the South has roughly 86.6+/-. Both tracts are being offered at $9500/acre, which brings the 86.6± acre tract to $822,700, and the 70.9± acre tract to $673,550.

 

The properties are both currently leased on a 75%/25% crop share throughout the 2022 crop season.

Peter Griffith

Peter Griffith

Keller Williams Realty

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Peter Griffith
Keller Williams Realty
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