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    256.24 Acres On Ih 35 & Hwy 6 Waco, TX 76706

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    256 Acres, Ideal Mixed-Use Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 256.24-acre tract presents a rare development opportunity in Waco, Texas. Strategically located at the northeast corner of Interstate 35 and Highway 6 (Loop 340), this property sits within a rapidly expanding commercial corridor. The surrounding area boasts a diverse mix of established businesses, including a Cinemark theater, Topgolf entertainment complex, Central Texas Marketplace, and a significant regional power center. Further enhancing its appeal, the property is adjacent to Legends Crossing, a thriving mixed-use development anchored by Baylor Scott & White Medical Center, and is near Waco Industrial Foundation land. This prime location offers unparalleled visibility and accessibility, making it perfect for a large-scale mixed-use development project. The property's size and location in McLennan County, with a Waco, TX 76706 zip code, provide ample space for a variety of uses, catering to the area's growing population and economic activity. The property is classified as agricultural land, offering flexibility for future development plans. This is a unique chance to acquire a substantial land parcel in one of Waco's most dynamic and high-growth areas. Detailed surveys and site plans are available upon request.

    Property Features for 0 256.24 Acres On Ih 35 & Hwy 6

    General Information

    Property type
    Farms
    Lot Size
    11,161,814 SF

    HighLights

    • 256.24 acres of agricultural land in Waco, TX.
    • Located at the northeast corner of I‑35 and Hwy 6 (Loop 340).
    • Ideal for mixed‑use development in a rapidly growing Waco corridor.
    • Surrounded by retail, commercial, and medical developments including Cinemark, Topgolf, and Baylor Scott & White.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.152724469862
    Latitude
    31.489039918785

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    FAQs

    What type of property is this?
    Farm - 256 Acres, Ideal Mixed-Use Development
    Where is this farm located?
    The property is located at 256.24 Acres On Ih 35 & Hwy 6 Waco, TX.
    What are key features of this property?
    This property features: 256.24 acres of agricultural land in Waco, TX.; Located at the northeast corner of I-35 and Hwy 6 (Loop 340).; Ideal for mixed-use development in a rapidly growing Waco corridor.
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    256.24 Acres On Ih 35 & Hwy 6 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

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    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
    256.24 Acres On Ih 35 & Hwy 6 Waco, TX 76706
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