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    1845 Lake Shore Dr Waco, TX 76708

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    30+ Acres Waco, TX Commercial Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 30.534-acre vacant land parcel presents a remarkable commercial development opportunity in Waco, Texas. Located at 1845 W Lake Shore Dr, this property boasts a prime location within the C-3 general commercial district, allowing for a diverse range of business uses. The site benefits from excellent accessibility to major transportation routes, supported by high daily traffic counts exceeding 19,787 vehicles. Its strategic positioning offers significant advantages, situated next to McLennan Community College and Waco Regional Airport, ensuring high visibility and convenient access for potential businesses and customers. The property features city of Waco utilities and a signalized hard corner, enhancing its appeal and functionality for developers. Lot area, height, and yard requirements are designed to meet modern commercial development standards, both for individual projects and larger, unified centers. This expansive tract offers significant potential for a variety of commercial ventures, capitalizing on its exceptional location and infrastructure. The property is zoned for a wide variety of commercial uses, making it an ideal investment for developers seeking a high-impact location in a thriving Texas market. The address is 1845 W Lake Shore Dr, Waco, TX 76708.

    Property Features for 1845 Lake Shore Dr

    General Information

    Property type
    Land
    Lot Size
    1,330,061 SF

    HighLights

    • City of Waco utilities.
    • High traffic counts exceeding 19,787 vehicles per day.
    • Adjacent to McLennan Community College and Waco Regional Airport.
    • Signalized hard corner intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Edward Jones Financial Planner Bohemian Me Salon Beauty Salon

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Hair Salon Nail Salon Gym & Fitness Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.185170242788
    Latitude
    31.592380148463

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    FAQs

    What type of property is this?
    Land - 30+ Acres Waco, TX Commercial Land
    Where is this land located?
    The property is located at 1845 Lake Shore Dr Waco, TX.
    What are key features of this property?
    This property features: City of Waco utilities.; High traffic counts exceeding 19,787 vehicles per day.; Adjacent to McLennan Community College and Waco Regional Airport.
    Request Owner's contact information
    1845 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
    1845 Lake Shore Dr Waco, TX 76708
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