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    50 Acres Lk Shr Dr Waco, TX 76710

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    50 Acres, Prime Waco Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 50-acre commercial land parcel presents a unique investment opportunity in Waco, Texas. Boasting over 1,400 feet of frontage on Lake Shore Drive, this property enjoys exceptional visibility and accessibility. The site is strategically located in McLennan County, zip code 76710, with convenient access to major roadways. Already zoned R-3E & R-1B for commercial use, this land is ready for immediate development. Existing infrastructure includes readily available water, wastewater, and electricity connections, simplifying the development process. A daily traffic count of 15,935 vehicles ensures high exposure for any commercial venture. The flexible site allows for the purchase of smaller acreage parcels to suit individual needs. This prime location and versatile zoning make this a highly desirable property for a variety of commercial uses. Don't miss this chance to acquire a significant piece of Waco's commercial real estate landscape. The property's location offers a blend of high visibility and convenient access, making it ideal for a wide range of commercial developments. The existing infrastructure significantly reduces development costs and timelines. This is a rare opportunity to secure a substantial commercial land holding in a thriving Texas market.

    Property Features for 50 Acres Lk Shr Dr

    General Information

    Property type
    Land
    Lot Size
    2,178,000 SF

    HighLights

    • 1,400+ feet of Lake Shore Drive frontage.
    • R‑3E and R‑1B zoning.
    • 15,935 daily traffic count.
    • Water, sewer, and electricity available on‑site.
    • Excellent access and high visibility.
    • Flexible acreage options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.2004677
    Latitude
    31.5565952

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    FAQs

    What type of property is this?
    Land - 50 Acres, Prime Waco Location
    Where is this land located?
    The property is located at 50 Acres Lk Shr Dr Waco, TX.
    What are key features of this property?
    This property features: 1,400+ feet of Lake Shore Drive frontage.; R-3E and R-1B zoning.; 15,935 daily traffic count.
    Request Owner's contact information
    50 Acres Lk Shr Dr Waco, TX 76710
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    50 Acres Lk Shr Dr Waco, TX 76710
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