5th St & Temple, TX 76504
This exceptional 2.846-acre land parcel in Temple, Texas, presents a remarkable investment opportunity. Located at the corner of South 5th Street and West FM 93, this property boasts a highly desirable General Retail (GR) zoning designation, making it ideal for a variety of commercial ventures. Its strategic location within the Academy school district offers significant advantages, placing it near a thriving community. The area is experiencing substantial growth, fueled by the proximity of major institutions such as Baylor Scott & White, the VA Hospital, Temple College, and Texas A&M College of Medicine, as well as the bustling retail district on 31st Street. This prime location also benefits from its adjacency to a new residential subdivision planned for 237 homes, ensuring a built-in customer base. Nearby amenities include Raye-Allen Elementary School, Friar's Creek Nature Trail, Lions Junction Family Water Park, and the South Temple Disc Golf Course. The asking price is $557,872. This property offers extraordinary development potential for businesses seeking to capitalize on the area's rapid expansion and strong community presence. The property is situated in Bell County, Texas, zip code 76504, and is conveniently located in the IH-35 corridor between Austin and Waco.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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