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    2.81 Acres New Dallas Hwy Waco, TX 76705

    For Sale
    $550,000

    2.81 Acres, C3 Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 2.81-acre vacant land parcel presents a remarkable investment opportunity in Waco, Texas. Strategically located on New Dallas Highway and Old Dallas Road, this property boasts significant frontage (459 feet on New Dallas Hwy and 248 feet on Old Dallas Hwy), ensuring high visibility for any commercial development. Its convenient location less than a quarter-mile from Loop 340 provides easy access to I-35, placing it within reach of a substantial customer base. The property is zoned C3 by the City of Lacy Lakeview, offering flexibility for a variety of commercial uses. City of Lacy Lakeview utilities are readily available. Surrounded by established businesses, this site is ideal for entrepreneurs seeking a high-traffic location with strong potential for growth. The asking price is $550,000, translating to a land value of $4.50 per square foot. This prime location and flexible zoning make this property a compelling investment opportunity in a thriving Texas market. Don't miss this chance to acquire a highly visible and accessible commercial lot in a rapidly developing area.

    Property Features for 0 2.81 Acres New Dallas Hwy

    General Information

    Property type
    Land
    Lot Size
    122,404 SF

    HighLights

    • 2.81‑acre vacant land parcel in Waco, TX, offering 459' of frontage on New Dallas Hwy and 248' on Old Dallas Hwy.
    • City of Lacy Lakeview utilities available.
    • Excellent access to I‑35 via Loop 340.
    • C3 zoning (Lacy Lakeview) allows for diverse commercial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.1108555
    Latitude
    31.606187

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    FAQs

    What type of property is this?
    Land - 2.81 Acres, C3 Zoning, High Visibility
    Where is this land located?
    The property is located at 2.81 Acres New Dallas Hwy Waco, TX.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 2.81-acre vacant land parcel in Waco, TX, offering 459' of frontage on New Dallas Hwy and 248' on Old Dallas Hwy.; City of Lacy Lakeview utilities available.; Excellent access to I-35 via Loop 340.
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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
    2.81 Acres New Dallas Hwy Waco, TX 76705
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