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    IH-35 1.0 Ac Lacy Lakeview, TX 76705

    For Sale
    $520,000

    High-traffic I-35 land; development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1-acre vacant commercial land parcel presents a prime development opportunity in Lacy Lakeview, Texas. Strategically located on IH-35, this property boasts unparalleled visibility and high traffic exposure, with TxDOT traffic counts exceeding 90,000 vehicles daily. The site benefits from readily available city utilities, including 6-inch water and sewer lines, simplifying development plans. Its adjacency to a dense residential area provides a built-in customer base. The property offers frontage on the southbound IH-35 service road and convenient access via Avenue B. This location is just south of E. Crest Dr (Exit 342a), placing it in close proximity to Texas State Technical College and L-3 Communication Systems. Nearby retail establishments include Valero/Circle K, Family Dollar, Bush's Chicken, and Dairy Queen, further enhancing its commercial appeal. The property is zoned C-1 Highway Commercial. The asking price is $520,000, translating to $11.94 per square foot. Note that an adjacent 5.35+ acre parcel is also available for purchase. This presents a unique chance to acquire a significant commercial holding in a high-growth area.

    Property Features for IH-35 1.0 Ac

    General Information

    Property type
    Land

    HighLights

    • $520,000 asking price for 1‑acre vacant land.
    • High‑visibility, high‑traffic location on I‑35 with over 90,000 vehicles per day (TxDOT data).
    • City utilities (6" water and sewer lines) on‑site.
    • Adjacent to a dense residential area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lacy Lakeview
    County
    McLennan
    State
    Texas
    Longitude
    -97.0960576
    Latitude
    31.6352452

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - High-traffic I-35 land; development opportunity.
    Where is this land located?
    The property is located at IH-35 1.0 Ac Lacy Lakeview, TX.
    What is the asking price?
    The asking price for this property is $520,000.
    What are key features of this property?
    This property features: $520,000 asking price for 1-acre vacant land.; High-visibility, high-traffic location on I-35 with over 90,000 vehicles per day (TxDOT data).; City utilities (6" water and sewer lines) on-site.
    Request Owner's contact information
    IH-35 1.0 Ac Lacy Lakeview, TX 76705
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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
    IH-35 1.0 Ac Lacy Lakeview, TX 76705
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