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    1500 Primrose Dr Waco, TX 76706

    For Sale
    Contact for pricing

    4.5 Acres, M-2 Zoning, Near Baylor

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 4.5-acre commercial land parcel presents a unique investment opportunity in Waco, Texas. Ideally situated at 1500 Primrose Dr, 76706, this property boasts an M-2 zoning designation, allowing for a wide range of commercial development possibilities. Its prime location offers unparalleled convenience, situated just down the street from Baylor University and Magnolia Table, ensuring high visibility and accessibility. The property's proximity to major thoroughfares like I-35 and Highway 6 further enhances its strategic value, providing easy access for both customers and employees. The land is easily divisible, offering flexibility for potential buyers. Specifically, the property can be purchased as a whole or divided into two distinct parcels: Lot 1, encompassing 2.319 acres, and Lot 2, comprising 2.181 acres. Each lot offers significant development potential, catering to a variety of commercial ventures. The land is priced at $2.35 per square foot, representing a compelling value proposition in this thriving Texas market. This is a rare opportunity to acquire a highly desirable commercial property in a rapidly growing area, poised for significant future appreciation. The readily accessible land is ready for immediate development, making it an attractive option for investors seeking a high-return investment with significant upside potential. McLennan County location.

    Property Features for 1500 Primrose Dr

    General Information

    Property type
    Land
    Lot Size
    196,020 SF

    HighLights

    • 4.5‑acre commercial land parcel in Waco, TX, at 1500 Primrose Dr, 76706.
    • M‑2 zoning allows diverse commercial development.
    • Prime location near Baylor University and Magnolia Table offers high visibility and accessibility.
    • Convenient access to I‑35 and Highway 6.
    • Divisible into two lots: 2.319 acres and 2.181 acres.
    • Priced at $2.35 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wolfe Wholesale Florist, ... Florist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.1195817
    Latitude
    31.5301272

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    FAQs

    What type of property is this?
    Land - 4.5 Acres, M-2 Zoning, Near Baylor
    Where is this land located?
    The property is located at 1500 Primrose Dr Waco, TX.
    What are key features of this property?
    This property features: 4.5-acre commercial land parcel in Waco, TX, at 1500 Primrose Dr, 76706.; M-2 zoning allows diverse commercial development.; Prime location near Baylor University and Magnolia Table offers high visibility and accessibility.
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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
    1500 Primrose Dr Waco, TX 76706
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