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    3001 Macarthur Dr Waco, TX 76708

    For Sale
    $325,000

    1.4 Acres, R-2 Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.407-acre commercial land parcel, located at 3001 MacArthur Drive in Waco, Texas, presents a compelling investment opportunity. Priced at $325,000, this property boasts an R-2 zoning designation, permitting the development of two-family and attached single-family residences. This zoning is ideal for moderate-density residential projects, particularly given its convenient access to major roadways and proximity to community services. The site's strategic location near Lake Shore Drive, Park Lake Drive, and Hillcrest Drive ensures excellent visibility and accessibility. The property's 61,288.92 square feet offer ample space for a variety of development plans. Its location within the Waco city limits, a metropolitan area with over 270,000 residents, provides access to a substantial population base. Furthermore, the property benefits from its proximity to key infrastructure, including the Waco Police Station, Lake Waco, and Waco Regional Airport. Essential utilities such as water, sewer, and electricity are readily available, simplifying the development process. This property represents a rare chance to acquire a well-situated, commercially zoned land parcel in a thriving Texas market. The location offers easy access to the Dallas/Fort Worth area (approximately 90 miles north) and Austin (approximately 100 minutes south).

    Property Features for 3001 Macarthur Dr

    General Information

    Property type
    Land
    Lot Size
    61,289 SF

    HighLights

    • 1.407‑acre (61,288.92 SF) commercial land parcel in Waco, TX.
    • R‑2 zoning allows for two‑family and attached single‑family residences.
    • Conveniently located near Waco Police Station, Lake Waco, and Waco Regional Airport.
    • All utilities (water, sewer, electricity) available on‑site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.183111
    Latitude
    31.56471

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    FAQs

    What type of property is this?
    Land - 1.4 Acres, R-2 Zoning, Prime Location
    Where is this land located?
    The property is located at 3001 Macarthur Dr Waco, TX.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: 1.407-acre (61,288.92 SF) commercial land parcel in Waco, TX.; R-2 zoning allows for two-family and attached single-family residences.; Conveniently located near Waco Police Station, Lake Waco, and Waco Regional Airport.
    (254) 776-7599
    Request Owner's contact information
    3001 Macarthur Dr Waco, TX 76708
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    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
    3001 Macarthur Dr Waco, TX 76708
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