Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Houston St Lorena, TX 76655

    For Sale
    $450,000

    3.41 Acres, Prime Commercial Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3.41-acre commercial property in Lorena, Texas, presents a compelling value-add investment opportunity. Located at the intersection of N Houston Street and Old Lorena Road in McLennan County, this strategically positioned land boasts significant frontage on two major thoroughfares, offering unparalleled visibility and accessibility. The property's zoning allows for a variety of commercial uses, making it ideal for developers seeking to capitalize on the area's growth. Previous plans envisioned the development of two retail stores, a car wash, or even a gas station, showcasing the versatility of this site. The asking price is $450,000. This land is perfectly situated to benefit from the ongoing population migration towards Waco, offering investors a chance to participate in a thriving market. The property's location near existing educational institutions and residential areas further enhances its potential for attracting customers and tenants. With its substantial size and prime location, this property represents a rare opportunity for significant commercial development in a rapidly growing area of Texas. The zip code is 76655, and the coordinates are 31.3949342 latitude and -97.2230977 longitude. This is a mixed-use, commercial land parcel ready for immediate development.

    Property Features for 0 Houston St

    General Information

    Property type
    Retail properties
    Lot Size
    148,540 SF

    HighLights

    • $450,000 asking price.
    • 3.41‑acre lot in Lorena, TX.
    • Mixed‑use commercial land suitable for retail development.
    • Prime location with frontage on Old Lorena Rd and N Houston St.
    • Value‑add investment opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lorena
    County
    McLennan
    State
    Texas
    Longitude
    -97.2230977
    Latitude
    31.3949342

    Nearby Similar for Sale

    • New
      $495,000
      0.27 Acres

      Mixed-Use Property in Historic Downtown

      Mixed-use property with retail and residential space in Lorena, TX.
      103-105 E Center St, Lorena, TX 76655
      View Details
    • $4,500,000
      4,044 SF

      Expansive Ranch Retreat with Multiple Homes

      124+ acre ranch featuring 3 homes, horse facilities, and workshop.
      15796 Chapel Rd, Lorena, TX 76655
      View Details
    • $795,000
      2,824 SF

      Lorena, Texas Farm and Ranch

      15-acre farm with shop, barn, and charming home.
      1064 Warren Rd, Lorena, TX 76655
      View Details
    • $1,000,000
      92.15 Acres

      92 Acres with Income Potential

      92.15 acres in Lorena ISD with remodeled house and glampground.
      3911 Southwinds Dr, Lorena, TX 76655
      View Details
    • $949,000
      8,094 SF

      Downtown Lorena Office Complex

      Historic building, 8,094 sq ft, high growth area.
      101-105 Center St, Lorena, TX 76655
      View Details
    • $535,000
      14,271 SF

      Lorena Industrial Property: $535,000

      14,271 SF Industrial Space, High Visibility
      3554 Robinson Dr, Lorena, TX 76655
      View Details

    FAQs

    What type of property is this?
    Retail property - 3.41 Acres, Prime Commercial Location
    Where is this retail property located?
    The property is located at Houston St Lorena, TX.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: $450,000 asking price.; 3.41-acre lot in Lorena, TX.; Mixed-use commercial land suitable for retail development.
    Request Owner's contact information
    Houston St Lorena, TX 76655
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Houston St
    Lorena, TX 76655
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Houston St Lorena, TX 76655
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.