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    Ih35 & Waco Dr Waco, TX 76705

    For Sale
    $1,868,489

    Prime 2-acre commercial lot, I-35 frontage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.042-acre commercial land parcel presents a remarkable investment opportunity in Waco, Texas. Strategically located at the hard corner of Interstate 35 and Waco Drive (Highway 84), this property boasts unparalleled visibility and accessibility, benefiting from high traffic counts on major thoroughfares. The C-5 zoning permits a wide range of commercial and industrial uses, making it ideal for various development projects. Its prime location offers convenient access to Baylor University, the popular Magnolia Silos, and downtown Waco, ensuring high foot traffic and strong consumer demand. Neighboring businesses include established names such as H-E-B, Sam's Club, Comfort Suites, Collin Street Bakery, and Denny's, further solidifying the area's commercial viability. The asking price is $1,868,489, with a land value of $21 per square foot. This property's exceptional location, high visibility, and flexible zoning make it an attractive proposition for developers seeking a high-impact investment in a thriving Texas market. The 76705 zip code and McLennan County location provide further context for this significant commercial real estate opportunity. Don't miss this chance to acquire a truly exceptional piece of Waco's commercial landscape.

    Property Features for 0 Ih35 & Waco Dr

    General Information

    Property type
    Land
    Lot Size
    88,950 SF

    HighLights

    • 2.04‑acre commercial land parcel in Waco, TX.
    • High‑traffic corner lot at I‑35 and Hwy 84 (Waco Drive) offering exceptional visibility and accessibility.
    • C‑5 zoning allows diverse commercial and industrial uses.
    • Prime location near Baylor University, Magnolia Silos, and downtown Waco.
    • Surrounded by established businesses including H‑E‑B, Sam's Club, and others.
    • $1,868,489 asking price; $21/SF land value.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.109077
    Latitude
    31.5849922

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    FAQs

    What type of property is this?
    Land - Prime 2-acre commercial lot, I-35 frontage.
    Where is this land located?
    The property is located at Ih35 & Waco Dr Waco, TX.
    What is the asking price?
    The asking price for this property is $1,868,489.
    What are key features of this property?
    This property features: 2.04-acre commercial land parcel in Waco, TX.; High-traffic corner lot at I-35 and Hwy 84 (Waco Drive) offering exceptional visibility and accessibility.; C-5 zoning allows diverse commercial and industrial uses.
    Request Owner's contact information
    Ih35 & Waco Dr 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
    Ih35 & Waco Dr Waco, TX 76705
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