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    1509 New Dallas Hwy Waco, TX 76705

    For Sale
    $500,000

    Exceptional Waco land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This 3.4-acre vacant land parcel presents a unique investment opportunity in Waco, Texas. Strategically located with convenient access from both Hogan Drive and New Dallas Highway, this property enjoys excellent visibility and accessibility. Its proximity to Interstate 35 ensures seamless connectivity to major transportation routes, while the surrounding area boasts a vibrant mix of hotels, retail establishments, and grocery stores, creating a thriving commercial environment. The site is further enhanced by the availability of essential utilities, including water, sewer, and power, simplifying development plans and reducing upfront costs. This prime location offers significant potential for various commercial ventures, making it an attractive proposition for developers and investors seeking a well-positioned asset in a growing Texas market. The property is situated in McLennan County, Waco, Texas, with the address listed as 1509 New Dallas Hwy, zip code 76705. The asking price for this exceptional land opportunity is $500,000.

    Property Features for 1509 New Dallas Hwy

    General Information

    Property type
    Land
    Lot Size
    148,104 SF

    HighLights

    • $500,000 asking price for 3.4 acres of vacant land.
    • Located at 1509 New Dallas Hwy, Waco, TX 76705.
    • Convenient access to Hogan Drive and I‑35.
    • Utilities available (water, sewer, power).
    • Proximity to hotels, retail, and grocery stores.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.112203241236
    Latitude
    31.597686225846

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    FAQs

    What type of property is this?
    Land - Exceptional Waco land, ideal for development.
    Where is this land located?
    The property is located at 1509 New Dallas Hwy Waco, TX.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: $500,000 asking price for 3.4 acres of vacant land.; Located at 1509 New Dallas Hwy, Waco, TX 76705.; Convenient access to Hogan Drive and I-35.
    (903) 721-5783
    Request Owner's contact information
    1509 New Dallas Hwy Waco, TX 76705
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    Waco, TX 76705
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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
    1509 New Dallas Hwy Waco, TX 76705
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