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    700 La Salle Ave Waco, TX 76706

    Sponsored
    For Sale
    $350,000

    .812 Acres, High-Value Waco Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.812-acre tract in Waco, Texas, presents a unique investment opportunity. Located in the C-2 Community Commercial District, this property enjoys a prime position between Baylor University and Magnolia Table, offering unparalleled visibility and accessibility. The land boasts two existing curb cuts, simplifying development and access. Significant infrastructure is already in place, including a 6-inch sewer line and a 10-inch water line conveniently located at the property's front. The 2023 McLennan County Appraisal District (MCAD) valued the property at $707,410, significantly exceeding the asking price of $350,000. This discrepancy highlights the substantial potential for appreciation and return on investment. The land's versatility allows for a range of commercial and potentially residential uses, subject to city approvals. With its strategic location, existing infrastructure, and attractive price point, this property represents a compelling investment opportunity in a thriving Texas market. The land value is $11.28 per square foot. The property's address is 700 La Salle Avenue, Waco, TX 76706, within McLennan County.

    Property Features for 700 La Salle Ave

    General Information

    Property type
    Farms
    Lot Size
    35,371 SF

    HighLights

    • 10" water line at street.
    • 6" sewer line at street.
    • Two existing curb cuts.
    • 2023 Market Value: $707,410
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.115352302476
    Latitude
    31.537997634138

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    FAQs

    What type of property is this?
    Farm - .812 Acres, High-Value Waco Land
    Where is this farm located?
    The property is located at 700 La Salle Ave Waco, TX.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 10" water line at street.; 6" sewer line at street.; Two existing curb cuts.
    Request Owner's contact information
    700 La Salle Ave Waco, TX 76706
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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
    700 La Salle Ave Waco, TX 76706
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