Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Ritchie Rd Waco, TX 76701

    For Sale
    $2,745,325

    Prime Waco land, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 9.696-acre commercial land parcel in Waco, Texas, presents a unique investment opportunity. Located on Ritchie Road in McLennan County, zip code 76701, the property boasts significant frontage along Ritchie Road (approximately 1,300 feet), Panther Way (±415 feet), and Old Ritchie Road (1,180 feet). Currently zoned R1-B Residential, a proposed zoning change to O-2 Office is underway, opening doors to diverse development possibilities. All utilities are readily available on-site. The property's strategic location offers excellent visibility and accessibility, further enhanced by Panther Way's high traffic volume exceeding 2,500 vehicles daily (TxDOT 2022 data). Its proximity to Hewitt Drive and Interstate 35 (within a 15-minute drive) ensures convenient access to major transportation arteries. The substantial acreage allows for subdivision, making it ideal for a single-family residential development or a thriving office complex. This is a blank canvas for a high-growth area, ready for your vision. The asking price is $2,745,325.44.

    Property Features for 0 Ritchie Rd

    General Information

    Property type
    Land
    Lot Size
    422,358 SF

    HighLights

    • 9.696‑acre commercial land parcel in Waco, TX, suitable for subdivision.
    • Currently zoned R1‑B Residential, with a proposed rezoning to O‑2 Office.
    • All utilities available on‑site.
    • Single‑family residential development opportunity in a high‑growth area.
    • Minutes from Hewitt Drive and within 15 minutes of I‑35.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.1386299
    Latitude
    31.5517255

    Nearby Similar for Sale

    • $1,500,000
      2,684 SF

      36-Acre Brazos River Ranch

      Texas ranch featuring river frontage, pastures, and a brick home.
      203 River Ln, Waco, TX 76708
      View Details
    • $699,990
      1,556 SF

      Waco 5-Acre Multi-Home Retreat

      5-acre property with three homes, barn, and income potential.
      979 Old Mexia Rd, Waco, TX 76705
      View Details
    • $965,000
      0.19 Acres

      Spacious Duplex Near Baylor University

      Duplex near Baylor, converted to single-family with student rental potential.
      1915 S 7Th St, Waco, TX 76706
      View Details
    • $450,000
      0.34 Acres

      Versatile Commercial Property Package Deal

      Former daycare with development potential on Memorial Drive.
      4306 Memorial Dr, Waco, TX 76711
      View Details
    • $700,000
      3,246 SF

      Spacious Ranch Home with Acreage

      Ranch-style home on 16.73 acres near Waco, Texas.
      12145 Tree Lake Dr, Waco, TX 76708
      View Details
    • $1,500,000
      5.95 Acres

      Equipped Church on Highway 77

      Fully equipped church with classrooms, offices, and ample parking.
      2801 Robinson Dr, Waco, TX 76706
      View Details

    FAQs

    What type of property is this?
    Land - Prime Waco land, development potential.
    Where is this land located?
    The property is located at Ritchie Rd Waco, TX.
    What is the asking price?
    The asking price for this property is $2,745,325.
    What are key features of this property?
    This property features: 9.696-acre commercial land parcel in Waco, TX, suitable for subdivision.; Currently zoned R1-B Residential, with a proposed rezoning to O-2 Office.; All utilities available on-site.
    (254) 870-0050
    Request Owner's contact information
    Ritchie Rd Waco, TX 76701
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Ritchie Rd
    Waco, TX 76701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Ritchie Rd Waco, TX 76701
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.