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    84 Tbd Hwy McGregor, TX 76657

    For Sale
    Contact for pricing

    12 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    Exceptional 12.463-acre vacant land parcel ideally situated on Highway 84 between Waco and McGregor, Texas. This prime development opportunity boasts 393 feet of highway frontage, ensuring high visibility and accessibility. Located within the Waco extraterritorial jurisdiction (ETJ), the property is free from zoning restrictions, offering maximum flexibility for a diverse range of development projects. A significant advantage is the existing infrastructure: one water meter and one curb cut are already in place, streamlining the development process and reducing initial costs. The high-traffic location, with a reported 23,356 vehicles per day according to TxDOT data, guarantees substantial exposure and potential for commercial success. The property's address is TBD W HWY 84, McGregor, TX 76657, in McLennan County. This presents a rare chance to capitalize on the growth of the Waco and McGregor areas, making it an attractive investment for developers seeking a strategic location with minimal regulatory hurdles. The land is priced at $3.25 per square foot.

    Property Features for 84 Tbd Hwy

    General Information

    Property type
    Land
    Lot Size
    542,888 SF

    HighLights

    • Waco ETJ, no zoning restrictions.
    • 393' of Hwy 84 frontage.
    • Existing water meter and curb cut.
    • 23,356 VPD (TxDOT).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    McGregor
    County
    McLennan
    State
    Texas
    Longitude
    -97.339258181237
    Latitude
    31.468307118061

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    FAQs

    What type of property is this?
    Land - 12 Acres, High-Traffic Location
    Where is this land located?
    The property is located at 84 Tbd Hwy McGregor, TX.
    What are key features of this property?
    This property features: Waco ETJ, no zoning restrictions.; 393' of Hwy 84 frontage.; Existing water meter and curb cut.
    (254) 313-0000
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    84 Tbd Hwy McGregor, TX 76657
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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
    84 Tbd Hwy McGregor, TX 76657
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