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Industrial Land with M-2 Zoning
For Sale
$62,500

702 Spring Street, Waco, TX 76704

Vacant industrial lot for new construction with M-2 zoning and convenient access near major roadways.

Property SizeContact for details
Days on Market67

Property Features for 702 Spring Street

General Information

Standard status Active
Property subtype Unimproved Land
Zoning M-2

Taxes and HOA fees

Annual Taxes $425
Listing Agency: Graceland Real Estate
Listed By: Patricia Meadows
Source: Whitelabelrealty
Added: Jun 26 Changed: Aug 27 Last Checked: Aug 31 at 12:22AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Graceland Real Estate

Investment Insights

Based on property information with market context.

This offering is a vacant industrial land parcel suited for buyers looking to develop new construction. The property is identified as having M-2 zoning, providing flexibility for a range of commercial and industrial opportunities, subject to applicable regulations and approvals.

The site is located in Waco and described as being near downtown, McLane Stadium, multiple parks, and major roadways. The seller also notes convenience and visibility due to this area access, which can support a variety of development and operational needs.

Because the property is undeveloped, it may appeal to owner-users and developers planning to build to suit. The M-2 zoning designation is central to the fit here, offering a pathway for industrial-oriented projects and broader commercial/industrial concepts, subject to city and permitting requirements. This lot is also available as part of a package deal that includes 700 Spring St (MLS #21155840), offering buyers the option to evaluate a multi-parcel strategy.

Key Highlights

  • Vacant lot with M‑2 zoning for new construction and a range of commercial or industrial uses
  • Convenient access near major roadways
  • Located near downtown Waco and McLane Stadium

Property Analytics

Current Use

Industrial land

Suggested Use

Top Pick Real Estate Agency Dental Office Auto Parts Store Electrical Service Building Supply HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

419
Businesses Nearby

Demographics for 76704, TX

7,220
Population
3,703
Households
1.9
Avg Household Size
35
Median Age
8%
College-Educated
78%
High-School Grad
5.4 sq mi
ZIP Area
1,337
Density / Sq Mi
$24,208
Median Household Income
$24,363
Median Earnings
$788
Median Rent
$112,800
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Industrial land - Vacant industrial lot for new construction with M-2 zoning and convenient access near major roadways.
Where is this industrial land located?
The property is located at 702 Spring Street Waco, TX.
What is the asking price?
The asking price for this property is $62,500.
What are key features of this property?
This property features: Vacant lot with M‑2 zoning for new construction and a range of commercial or industrial uses; Convenient access near major roadways; Located near downtown Waco and McLane Stadium
More about this property
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