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    221 Jewell Dr Waco, TX 76712

    For Sale
    $400,000

    Prime 10,000 SF development pad site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 10,000 square foot commercial land parcel presents a remarkable redevelopment opportunity in Woodway, Texas, specifically located at 221 Jewell Dr. Zoned for commercial use, this property boasts a highly desirable location along US Highway 84, nestled within a thriving retail and industrial corridor in McLennan County. The site benefits from its proximity to established businesses, including Christian Brothers Automotive, Hat Creek Burger Company, Allergy and Asthma Care of Waco, and Kids 'r' Kids, ensuring high visibility and strong potential for attracting clientele. The existing parking provides immediate convenience, eliminating the need for extensive upfront infrastructure development. This "ready-to-build" pad site is perfectly suited for a variety of commercial ventures, making it an ideal location for a medical office, laboratory, or clinic. The asking price for this strategically positioned property is $400,000. With its prime location, existing infrastructure, and strong neighboring businesses, this land parcel represents a compelling investment opportunity with significant upside potential. The property's address is 221 Jewell Dr, Woodway, TX 76712. The site's coordinates are 31.50535392 latitude and -97.19756723 longitude.

    Property Features for 221 Jewell Dr

    General Information

    Property type
    Land

    HighLights

    • $400,000 asking price.
    • 10,000 SF commercial redevelopment land.
    • Located in Woodway, TX (76712), on US Highway 84.
    • Centrally located within a dense retail and industrial corridor.
    • Strong neighboring businesses include Christian Brothers Automotive, Hat Creek Burger Company, and others.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Allergy and Asthma Care ... Doctor Dr. Pramila K. ... Allergist Leslie Cernosek Muenzler Nurse Practitioner

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.19756723
    Latitude
    31.50535392

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    FAQs

    What type of property is this?
    Land - Prime 10,000 SF development pad site.
    Where is this land located?
    The property is located at 221 Jewell Dr Waco, TX.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: $400,000 asking price.; 10,000 SF commercial redevelopment land.; Located in Woodway, TX (76712), on US Highway 84.
    Request Owner's contact information
    221 Jewell Dr Waco, TX 76712
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    Waco, TX 76712
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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
    221 Jewell Dr Waco, TX 76712
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