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    5th St & Temple, TX 76504

    For Sale
    $557,872

    2.846 Acres, General Retail Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 2.846-acre land parcel in Temple, Texas, presents a remarkable investment opportunity. Located at the corner of South 5th Street and West FM 93, this property boasts a highly desirable General Retail (GR) zoning designation, making it ideal for a variety of commercial ventures. Its strategic location within the Academy school district offers significant advantages, placing it near a thriving community. The area is experiencing substantial growth, fueled by the proximity of major institutions such as Baylor Scott & White, the VA Hospital, Temple College, and Texas A&M College of Medicine, as well as the bustling retail district on 31st Street. This prime location also benefits from its adjacency to a new residential subdivision planned for 237 homes, ensuring a built-in customer base. Nearby amenities include Raye-Allen Elementary School, Friar's Creek Nature Trail, Lions Junction Family Water Park, and the South Temple Disc Golf Course. The asking price is $557,872. This property offers extraordinary development potential for businesses seeking to capitalize on the area's rapid expansion and strong community presence. The property is situated in Bell County, Texas, zip code 76504, and is conveniently located in the IH-35 corridor between Austin and Waco.

    Property Features for 5th St &

    General Information

    Property type
    Land
    Lot Size
    123,972 SF

    HighLights

    • 2.84‑acre land parcel in Temple, TX, zoned General Retail (GR).
    • Located at S. 5th St & W. FM 93, in the Academy school district.
    • Prime location near Baylor Scott & White, VA Hospital, Temple College, Texas A&M College of Medicine, and 31st St. retail district.
    • Adjacent to a planned 237‑home residential subdivision.
    • Asking price: $557,872.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Temple
    County
    Bell
    State
    Texas
    Longitude
    -97.366918831986
    Latitude
    31.033200271045

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    FAQs

    What type of property is this?
    Land - 2.846 Acres, General Retail Zoning
    Where is this land located?
    The property is located at 5th St & Temple, TX.
    What is the asking price?
    The asking price for this property is $557,872.
    What are key features of this property?
    This property features: 2.84-acre land parcel in Temple, TX, zoned General Retail (GR).; Located at S. 5th St & W. FM 93, in the Academy school district.; Prime location near Baylor Scott & White, VA Hospital, Temple College, Texas A&M College of Medicine, and 31st St. retail district.
    (254) 534-3325
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    5th St & Temple, TX 76504
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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
    5th St & Temple, TX 76504
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