150 Acre Farming / Development Land

$2,100,000

120 N Cr 2900 Lubbock, TX 79403

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About this listing

PROPERTY OVERVIEW:
Industrial Development Lots / Farming Income Producing Property Available For Sale. Property boats 150 acres with 110 Acres on the east side of CR 2900 and 40 acres on the west side of CR 2900. Property is conveniently located just off FM 40, east of Loop 289 in Lubbock. Future owner could subdivide lots, if desired. Property is located close to the new $860 Million Development Leprino Foods is building in Lubbock. Minor property deed restrictions to be placed on property prior to closing. Property sits outside city limits and buyer can design their own layout and plat it as they desire to develop it.
PROPERTY HIGHLIGHTS:
110 ACRES EAST SIDE - 40 ACRES WEST SIDE OF CR 2900. CURRENT FARMING INCOME IN PLACE LOCATED NEAR LEPRINO FOODS $860M FACILITY 110 ACRES EAST SIDE - 40 ACRES WEST SIDE OF CR 2900. CURRENT FARMING INCOME IN PLACE LOCATED NEAR LEPRINO FOODS $860M FACILITY
OFFERING SUMMARY:
Sale Price: $14,000/acre -
$2,100,000 Total Price
Potential Farming Income normally $45,000- 75,000*
Landowner portion 25% of gross income
Lot Size: 150 acres

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