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    11.442 Acres Lk Shr Dr Waco, TX 76708

    For Sale
    $3,140,005

    11+ Acres, C-3/O-2 Zoning, Lakefront Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 11.442-acre vacant land parcel presents a remarkable investment opportunity in Waco, Texas. Located on Lake Shore Drive in McLennan County, zip code 76708, this property boasts a prime location directly across from McLane Stadium and adjacent to a new luxury RV resort. The strategic positioning offers unparalleled visibility and accessibility. The land is zoned C-3 and O-2, providing flexibility for a wide range of development possibilities, from commercial ventures to other permitted uses. With a land value of $6.30 per square foot and an asking price of $3,140,005, this property represents a significant opportunity for developers seeking a high-impact location. The expansive acreage allows for substantial development potential, catering to various project scales and scopes. The convenient access to downtown Waco further enhances its appeal, providing easy connectivity to the city's amenities and vibrant atmosphere. This is a rare chance to acquire a substantial tract of land in a rapidly growing area with exceptional zoning and proximity to key attractions. Don't miss this chance to secure a piece of Waco's promising future.

    Property Features for 0 11.442 Acres Lk Shr Dr

    General Information

    Property type
    Land
    Lot Size
    498,414 SF

    HighLights

    • $3,140,005 asking price.
    • 11.442 acres of vacant land.
    • C‑3/O‑2 zoning.
    • Located in Waco, McLennan County, Texas, at 11.442 Acres Lake Shore Dr, 76708.
    • Land value: $6.30/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.18065824
    Latitude
    31.59315598

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    FAQs

    What type of property is this?
    Land - 11+ Acres, C-3/O-2 Zoning, Lakefront Potential
    Where is this land located?
    The property is located at 11.442 Acres Lk Shr Dr Waco, TX.
    What is the asking price?
    The asking price for this property is $3,140,005.
    What are key features of this property?
    This property features: $3,140,005 asking price.; 11.442 acres of vacant land.; C-3/O-2 zoning.
    Request Owner's contact information
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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
    11.442 Acres Lk Shr Dr Waco, TX 76708
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