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    6302 Interstate 35 Waco, TX 76705

    For Sale
    $2,745,000

    Prime Waco, TX commercial land, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 6.3-acre commercial land parcel is strategically located at 6302 Interstate 35 N in Lacy Lakeview, Texas, offering unparalleled visibility and accessibility. Zoned Highway Commercial, this property presents a remarkable investment opportunity with a $2,745,000 asking price, translating to $10 per square foot. The land boasts a prime location on the southwest quadrant of East Crest Drive, directly adjacent to the Interstate 35E service road, ensuring effortless access to the heavily trafficked Interstate 35E. Its proximity to Baylor University and Texas State Technical College (TSTC) provides a substantial pool of potential customers. Utilities are readily available. The area is experiencing significant growth, with recent developments including a new 72-acre TSTC expansion directly across the highway and the opening of Buc-ee's and retail malls in nearby Hillsboro. The property's location adjacent to a residential subdivision with numerous single-family homes creates a built-in customer base. Permitted uses under the Highway Commercial zoning include office, retail, restaurant, multi-family (MF2), and hospitality establishments, making it ideal for shopping centers, neighborhood stores, or food stores. The APN is 200326010003009. This is a rare opportunity to acquire a high-traffic, well-located commercial property in a rapidly developing area of Waco, Texas.

    Property Features for 6302 Interstate 35

    General Information

    Property type
    Land
    Lot Size
    274,428 SF

    HighLights

    • 6.3‑acre commercial land parcel in Lacy Lakeview, TX, at 6302 Interstate 35 N.
    • Highway Commercial zoning allows for office, retail, restaurant, multi‑family, and hospitality uses.
    • $2,745,000 asking price ($10/SF).
    • Prime location on I‑35E service road with high visibility and accessibility.
    • Near Baylor University and TSTC, with a large potential customer base.
    • Utilities available; APN 200326010003009.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.096954
    Latitude
    31.636634

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    FAQs

    What type of property is this?
    Land - Prime Waco, TX commercial land, high visibility.
    Where is this land located?
    The property is located at 6302 Interstate 35 Waco, TX.
    What is the asking price?
    The asking price for this property is $2,745,000.
    What are key features of this property?
    This property features: 6.3-acre commercial land parcel in Lacy Lakeview, TX, at 6302 Interstate 35 N.; Highway Commercial zoning allows for office, retail, restaurant, multi-family, and hospitality uses.; $2,745,000 asking price ($10/SF).
    Request Owner's contact information
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    Waco, 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
    6302 Interstate 35 Waco, TX 76705
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