FUTURE LOOP 88 LAND OPPORTUNITY
Opportunity of a life time! Land located in the future path of Loop 88, with approximately 26.4 acres to be acquired by TxDot's right-of-way acquisition. Will have outstanding Loop 88 frontage, (approx. 3,200 ft). Property currently has great county road frontage all around (see below). Fantastic water with 9 wells and drip irrigation with the ability to push 1,100 gpm to any of the three portions of the farm. Located 2.75 miles from Shallowater city limits and 3 miles from Lubbock city limits. Farming lease potential based on recent production approximately $80,000/yr. With TxDot buying land by the sqft, this is the perfect future opportunity to make an excellent return on investment.
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Property Details:
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355 (+/-) acres
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Approx. 26.4 ac (1,149,984 sqft) of TxDot Loop 88 ROW Acquisition
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4,879 ft of CR 1300 frontage
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1,668 ft of paved FM 2641 frontage
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5,111 ft of CR 6300 frontage
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1,478 ft of CR 1200 frontage
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South Plains Electric available on 3 sides of property
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Drip Irrigation on ~344 acres
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9 wells, between 190-200ft deep
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3 drip control centers, able to push upwards of 1,100 gpm
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Owner production participation income upwards of $80,000/yr
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Shallowater ISD
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$16,000/acre or $5,680,000