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    27300 Hwy McGregor, TX 76657

    For Sale
    $6,950,000

    88 Acres, Prime McLennan County Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 88.744-acre (3,865,688.64 sq ft) parcel presents a significant investment opportunity in McLennan County's fastest-growing area. Strategically located on West Highway 84, boasting over 23,300 vehicles per day (TxDOT 2022 data), this property offers unparalleled visibility and accessibility. The land is zoned for versatile development with C-1, C-2, and O-1 designations, allowing for a wide range of commercial and residential projects. McLennan County's highest per capita income ensures a strong consumer base and attractive market for upscale residential development. All essential utilities—city water, sewer, and electricity—are readily available. The 2023 property taxes were $61,747.13 (verification recommended). This expansive tract presents a unique chance to capitalize on the region's burgeoning prosperity, creating a thriving commercial center, mixed-use community, or exclusive residential enclave. Don't miss this chance to shape the future of this dynamic Texas region. The land is priced at $6,950,000, with a land value of $1.62 per square foot. The address is 27300 West Highway 84, McGregor, TX 76657.

    Property Features for 27300 Hwy

    General Information

    Property type
    Land
    Lot Size
    3,865,689 SF

    HighLights

    • 88.744‑acre commercial, industrial, and residential land parcel in McLennan County, Texas's highest growth corridor.
    • Multiple C‑1, C‑2, and O‑1 zoning designations allow for versatile development options.
    • High visibility and accessibility from West Highway 84, with over 23,300 vehicles per day.
    • Located in an area with McLennan County's highest per capita income.
    • 2023 property taxes: $61,747.13 (verification required).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    McGregor
    County
    Mclennan
    State
    Texas
    Longitude
    -97.30550935
    Latitude
    31.47856755

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    FAQs

    What type of property is this?
    Land - 88 Acres, Prime McLennan County Location
    Where is this land located?
    The property is located at 27300 Hwy McGregor, TX.
    What is the asking price?
    The asking price for this property is $6,950,000.
    What are key features of this property?
    This property features: 88.744-acre commercial, industrial, and residential land parcel in McLennan County, Texas's highest growth corridor.; Multiple C-1, C-2, and O-1 zoning designations allow for versatile development options.; High visibility and accessibility from West Highway 84, with over 23,300 vehicles per day.
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    27300 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
    27300 Hwy McGregor, TX 76657
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