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    101 Lake Shore Dr Waco, TX 76708

    For Sale
    Contact for pricing

    Exceptional 2.32-Acre Waco Pad Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 2.32-acre commercial pad site is located at 101 Lake Shore Dr, Waco, TX 76708, at the Northwest corner of Lake Shore Drive and MLK Jr. Blvd. The property is part of a larger 6.314-acre parcel, zoned C-3 commercial, offering significant development potential. Its prime location at a signalized intersection ensures high visibility and accessibility, benefiting from substantial traffic counts: 17,543 vehicles per day on Lake Shore Drive and 10,300 VPD on Steinbeck Bend Drive. The site's strategic proximity to McLennan Community College (8,500 students) and established retailers such as H-E-B, Walmart Supercenter, and McDonald's, creates a strong consumer base. Within a 5-mile radius, the area boasts a population exceeding 100,000, with an average household income of $60,826 and a daytime population also exceeding 100,000. This makes it an ideal location for a variety of commercial ventures. The property offers excellent visibility and accessibility, making it a highly attractive investment opportunity for businesses seeking a strong presence in a thriving Waco market. This is a rare opportunity to acquire a well-positioned commercial pad site in a high-traffic area with a robust demographic profile. The site's location and zoning provide a solid foundation for a successful commercial development.

    Property Features for 101 Lake Shore Dr

    General Information

    Property type
    Land

    HighLights

    • 2.32‑acre commercial pad site (Lot 1 of a 6.314‑acre parcel).
    • C‑3 commercial zoning.
    • High visibility at signalized intersection; 17,543 VPD on Lake Shore Drive and 10,300 VPD on Steinbeck Bend Drive.
    • Excellent location near McLennan Community College.
    • Strong retail synergy with nearby H‑E‑B, Walmart, and McDonald's.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Convenience Store Daycare Center Veterinary Clinic Senior Center Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.159548
    Latitude
    31.599752

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    FAQs

    What type of property is this?
    Land - Exceptional 2.32-Acre Waco Pad Site
    Where is this land located?
    The property is located at 101 Lake Shore Dr Waco, TX.
    What are key features of this property?
    This property features: 2.32-acre commercial pad site (Lot 1 of a 6.314-acre parcel).; C-3 commercial zoning.; High visibility at signalized intersection; 17,543 VPD on Lake Shore Drive and 10,300 VPD on Steinbeck Bend Drive.
    (214) 373-8300
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    101 Lake Shore Dr Waco, TX 76708
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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
    101 Lake Shore Dr Waco, TX 76708
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