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    Lorena Rd & Hwy 84 McGregor, TX 76657

    Sponsored
    For Sale
    Contact for pricing

    Texas Medical, Retail, & Multifamily

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 199-acre mixed-use development in McGregor, Texas, presents a unique investment opportunity. Located at the intersection of Lorena Rd and Hwy 84, this property offers a diverse range of uses, including medical office, multifamily residential, and retail spaces. The site's strategic location provides convenient access to Hwy 6 and I-35, ensuring excellent connectivity for residents and businesses. The planned community design emphasizes walkability, with easy access to daily necessities. This pedestrian-friendly environment fosters a vibrant lifestyle, complemented by nearby amenities such as a regional city park, a two-mile hike and bike trail, and the Bear Ridge Golf Course. The development's direct connection to 1,500 homes creates a built-in customer base for retail and medical services. This expansive property offers significant potential for developers seeking to create a thriving community hub in a rapidly growing area of McLennan County, Texas, with the 76657 zip code. The property's zoning allows for a variety of uses, making it an ideal investment for those seeking a diverse portfolio. The combination of medical, multifamily, and retail components provides a balanced and resilient investment opportunity. This is a rare chance to acquire a large-scale development site with exceptional access and a strong foundation for long-term growth.

    Property Features for 0 Lorena Rd & Hwy 84

    General Information

    Property type
    Multifamily properties
    Lot Size
    8,668,440 SF

    HighLights

    • Upscale Lifestyle Community
    • Walkable Neighborhood
    • Excellent Highway Access (Hwy 6 & I‑35)
    • Serves 1,500+ Residential Units
    • Abundant Amenities including Regional Park, 2‑Mile Trail, and Bear Ridge Golf Course
    • Multi‑Family, Medical, Retail, and Office Uses Present
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    McGregor
    County
    McLennan
    State
    Texas
    Longitude
    -97.4009031
    Latitude
    31.4471458

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    FAQs

    What type of property is this?
    Multifamily property - Texas Medical, Retail, & Multifamily
    Where is this multifamily property located?
    The property is located at Lorena Rd & Hwy 84 McGregor, TX.
    What are key features of this property?
    This property features: Upscale Lifestyle Community; Walkable Neighborhood; Excellent Highway Access (Hwy 6 & I-35)
    Request Owner's contact information
    Lorena Rd & Hwy 84 McGregor, TX 76657
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    McGregor, TX 76657
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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
    Lorena Rd & Hwy 84 McGregor, TX 76657
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