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    3 5Th St Temple, TX 76504

    For Sale
    $761,538

    Prime South Temple location, high growth potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 3-acre property in Temple, Texas, presents a remarkable investment opportunity. Located on South 5th Street, this land boasts a strategic position in a rapidly expanding area, offering significant development potential. The property is zoned for both Commercial (C) and Office 2 (O-2) uses, providing flexibility for a variety of projects. Its prime location offers easy access to Interstate 35, placing it conveniently between Austin and Waco. The area is experiencing substantial growth, fueled by the proximity to major institutions such as Baylor Scott & White, the VA Hospital, Temple College, and Texas A&M College of Medicine. Furthermore, the property benefits from its close proximity to a thriving retail district on 31st Street and is surrounded by new residential developments, including over 250 apartment units and over 2,000 planned new homes. Within a mile of the Temple Medical Education District (TMED), a key economic driver for the community, this land is ideally suited for retail, neighborhood stores, or office use. The asking price is $761,538, with a land value of $6 per square foot. This is a rare chance to capitalize on the explosive growth in South Temple and its proximity to major economic drivers. Don't miss this opportunity to secure a piece of Temple's vibrant future.

    Property Features for 3 5Th St

    General Information

    Property type
    Land
    Lot Size
    130,680 SF

    HighLights

    • $761,538 asking price for 3 acres of land in Temple, TX.
    • Located on IH‑35 between Austin and Waco, in a high‑growth area of South Temple.
    • Excellent proximity to Baylor Scott & White, the VA Hospital, Temple College, Texas A&M College of Medicine, and major retail on 31st Street.
    • Surrounded by new residential development, including multiple 250+ unit apartment complexes and over 2,000 planned new homes.
    • Less than a mile from the Temple Medical Education District (TMED).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Temple
    County
    Bell
    State
    Texas
    Longitude
    -97.35812250719
    Latitude
    31.059554278137

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    FAQs

    What type of property is this?
    Land - Prime South Temple location, high growth potential.
    Where is this land located?
    The property is located at 3 5Th St Temple, TX.
    What is the asking price?
    The asking price for this property is $761,538.
    What are key features of this property?
    This property features: $761,538 asking price for 3 acres of land in Temple, TX.; Located on IH-35 between Austin and Waco, in a high-growth area of South Temple.; Excellent proximity to Baylor Scott & White, the VA Hospital, Temple College, Texas A&M College of Medicine, and major retail on 31st Street.
    (254) 791-8700
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    3 5Th St Temple, TX 76504
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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
    3 5Th St Temple, TX 76504
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