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    305 Elm Ave Waco, TX 76704

    For Sale
    Contact for pricing

    Historic Elm Avenue District, 1.01 acres, C-4 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 1.01-acre commercial land parcel presents a unique development opportunity in Waco, Texas. Situated at 305 Elm Ave, in the vibrant Historic Elm Avenue District, this property offers unparalleled potential. Zoned C-4, it allows for a wide range of commercial uses. The location is highly desirable, boasting proximity to I-35 and the Brazos River, ensuring excellent visibility and accessibility. This full city block is surrounded by a surge of new construction and redevelopment projects, including three new hotels, the Brotherwell Brewery, a mixed-use apartment/retail building, and the "front porch" project. This strategic location within a rapidly growing area guarantees significant future appreciation. The seller is open to exploring collaborative development ideas, making this an even more attractive proposition for forward-thinking investors and developers. Furthermore, the property's location within an Opportunity Zone provides additional tax advantages. This is a rare chance to acquire a prime piece of land in one of Waco's most exciting and rapidly developing neighborhoods. Don't miss this exceptional opportunity to shape the future of this thriving area. The property is located in McLennan County, Texas, with a zip code of 76704.

    Property Features for 305 Elm Ave

    General Information

    Property type
    Land
    Lot Size
    43,996 SF

    HighLights

    • Entire city block, surrounded by new construction and redevelopment.
    • Seller open to development proposals.
    • Located in a Qualified Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.1251616
    Latitude
    31.5641326

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    FAQs

    What type of property is this?
    Land - Historic Elm Avenue District, 1.01 acres, C-4 Zoning
    Where is this land located?
    The property is located at 305 Elm Ave Waco, TX.
    What are key features of this property?
    This property features: Entire city block, surrounded by new construction and redevelopment.; Seller open to development proposals.; Located in a Qualified Opportunity Zone.
    (254) 741-1500
    Request Owner's contact information
    305 Elm Ave Waco, TX 76704
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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
    305 Elm Ave Waco, TX 76704
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