7603 Alcove Avenue # A-D Unit # A-D, Lubbock, TX 79407
Lubbock County
Key Facts
Description
Prime 4± acres on Alcove Ave with immediate access to US-82/62 (Marsha Sharp Fwy) in a fast-growing corridor. United Supermarkets is planned across the street, and Alcove Ave is scheduled to be widened, enhancing visibility and access. The property is currently improved with nine rental houses producing approximately \$8,450 per month, providing reliable income while you design and entitle your project. Surrounded by established retail and dining, this site is well-positioned for future retail pads, a neighborhood center, restaurants, or other service-oriented commercial uses. Redevelop on your timeline and let the existing cash flow carry the site until you're ready.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1956
Living Area
9,752 sq ft
Lot Size
4.00 acres
Days on Market
266
MLS® Listing#
202561366
Property Features
Cooling
Heating
Parking
Construction
Roof
Financial Details
HOA
None
Annual Taxes
$21,000
Parcel Number
R130706
Affordability Calculator
$220,000
Estimated monthly payment
$5,855/mo
Principal $880,000 · Est. interest $1,227,678 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lubbock, TX
- $278,022
- Median Listing Price
- 42
- Median Days on Market
- 1,863
- Median Sq Ft
- $138
- Median Price / Sq Ft
- 1,565
- Active Listings
- This home’s price is 296% above the area median.
- Its price per sq ft is 18% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lubbock, TX.
Location
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Points of Interest in Lubbock, TX
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3511 - 3519 35th Street, Lubbock, TX | $1,100,000 | 20 | 10 | 10,725 |
| Package Property 6th Street, Lubbock, TX | $1,200,000 | 28 | 20 | 11,518 |
Moving Cost Estimate
EXIT Agents in Lubbock
Listing Courtesy: Progressive Properties - 8067947777
Presented by: Brandon Tyler
Licensed in the state of Texas.