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Northwest Corner of University & Loop 88

Northwest Corner of University & Loop 88
Northwest Corner of University & Loop 88
Northwest Corner of University & Loop 88
Northwest Corner of University & Loop 88
Northwest Corner of University & Loop 88
Northwest Corner of University & Loop 88
Northwest Corner of University & Loop 88
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Welcome to a prime development opportunity at the heart of a burgeoning city. Nestled at the future intersection of Lubbock's newest thoroughfare, Loop 88, and University Avenue, this property presents an exceptional investment prospect.

Perfectly poised for both convenience and strategic growth, this land parcel enjoys proximity to key transportation arteries, dynamic retail centers, and esteemed educational and medical institutions.

Set on the horizon of the innovative Loop 88 project, this property offers endless possibilities for commercial and residential development, creating a thriving hub for the future. Here, you'll find a unique combination of accessibility and strategic location, making it an ideal canvas for your vision.

Location Description
This promising property is situated on the north west corner of University Avenue and 130th St providing unparalleled connectivity within the vibrant city of Lubbock, TX. As the new Loop 88 continues to take shape, this location serves as a vital cornerstone for future growth and expansion. With endless potential, this property offers an exceptional opportunity for investors and developers looking to capitalize on the dynamic evolution of Lubbock.

 

Legal Acreage: 9.98

Legal Description: BLK E2 SEC 21 AB 270 TR 10B ACS: 9.98226

Property Type Agricultural Land

Neighborhood City Lubbock Cooper School

Following the auction, the successful buyer must promptly execute a real estate sales contract and submit a non-refundable down payment equal to 3% of the purchase price. This down payment will be held in escrow until the closing date. The remaining balance of the purchase price is to be settled at the closing, scheduled to occur on or before February 28th, 2024.

The seller will furnish title insurance covering the entire purchase price, and possession of the property will be granted at the time of closing.

Bidding is not contingent upon any conditions, including, but not limited to, financing, property appraisal, or inspection.

Please be advised that any announcements made on the day of the sale supersede any prior written or oral advertising. While the information in our brochure, advertisements, and website is believed to be accurate, no responsibility is assumed for its accuracy, errors, or omissions. All depictions on maps, photographs, drone video, etc., are approximate. Buyers are encouraged to independently verify the information to their satisfaction. The seller and Greak Auction Company, LLC make no expressed or implied warranties concerning this property, and it is being sold "AS IS."