17651 County Rd 2040, Lubbock, TX 79423
Local realty services provided by:Better Homes and Gardens Real Estate Blu Realty
17651 County Rd 2040,Lubbock, TX 79423
$6,750,000
- 300 Acres
- Lots / Land
- Active
Listed by:evan reid
Office:reside real estate co.
MLS#:202559544
Source:TX_LAR
Price summary
- Price:$6,750,000
About this home
Property Overview
Prime ±300-acre development tract located at the intersection of CR 7700 & CR 2040 in South Lubbock. Within the highly desirable Cooper ISD, this property offers dual frontage, excellent visibility, and flexible development potential for residential, commercial, or mixed-use projects.
Investment Highlights
Acreage: ±300 Acres
School District: Lubbock-Cooper ISD
Frontage: Dual frontage on CR 7700 & CR 2040
Utilities: Water & electric available nearby (verify with providers)
Topography: Flat, development-friendly
Surroundings: Established neighborhoods, schools, and rapid growth corridor
Development Potential
Residential Lot Options:
½-Acre Lots ±600 lots possible
1-Acre Lots ±300 lots possible
Strong demand for large-lot subdivisions in South Lubbock, offering buyers space, privacy, and Cooper ISD schools.
Commercial / Mixed-Use:
±15-20 acres of frontage suitable for retail, office, medical, or multifamily pads
Excellent exposure for service-based commercial supporting residential build-out
Financial Metrics
(Illustrative)
Pricing: Contact broker for guidance ($/acre pricing available upon request)
Lot Yield:
½-Acre: ±600 lots
1-Acre: ±300 lots
Pro Forma Retail Pads: Future sales potential at $4-6/SF depending on use and frontage
Absorption: South Lubbock subdivisions average 15-20 lot sales per month, with larger-lot product often commanding premium pricing and faster velocity in Cooper ISD
Location Advantages
In the path of growth for South Lubbock
Just 5 miles from Loop 289, with direct access into the city
Surrounded by schools, neighborhoods, and active residential developments
Within Cooper ISD - a top demand driver for both families and investors
Contact Broker for Pricing & Offering Details
Investment Highlights
Scarcity of Large Tracts in Cooper ISD
Large contiguous parcels in Lubbock-Cooper ISD are increasingly rare. Demand for homes in this district consistently outpaces supply, making this a prime opportunity for developers to secure scale in one of the strongest school zones in West Texas.
Premium Buyer Demand for Larger Lots
The market is shifting toward ½-acre and 1-acre lots, with families seeking space, privacy, and flexibility for shops, pools, or outdoor living. These larger-lot subdivisions often command premium pricing and experience faster absorption compared to standard subdivision lots.
Dual-Frontage Commercial Flexibility
With frontage on CR 7700 and CR 2040, the property offers flexibility to carve out 15-20 acres of commercial pads for retail, office, or service-based tenants that support residential rooftops. These commercial tracts can generate higher per-square-foot returns while adding long-term value to the development.
Path of Growth in South Lubbock
South Lubbock is one of the fastest-growing corridors in the region, fueled by school demand, infrastructure improvements, and proximity to Loop 289. This property sits directly in that growth path, surrounded by ongoing residential and commercial expansion.
Proven Absorption & Market Strength
Nearby subdivisions in South Lubbock are averaging 15-20 lot sales per month, demonstrating strong buyer demand. Developers who deliver larger-lot product in Cooper ISD are well-positioned to outperform the market.
Contact an agent
Home facts
- Listing Id #:202559544
- Added:1 day(s) ago
- Updated:August 25, 2025 at 06:54 PM
Structure and exterior
- Lot area:300 Acres
Finances and disclosures
- Price:$6,750,000
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