0 Village Rd Salado, TX 76571
This exceptional 7.99-acre commercial land tract in Salado, Texas, presents a unique investment opportunity. Located within a burgeoning 174-lot residential subdivision, this property boasts city water and sewer access, ensuring seamless development. Its highly visible location offers easy access to IH-35, providing excellent connectivity. The site is conveniently situated near Salado Elementary, Junior High, and High Schools, benefiting from the strong local community and school district. Further enhancing its appeal, the Salado Independent School District owns adjacent land with plans for a new elementary school, indicating continued growth in the area. The flexible Local Retail (LR) zoning allows for diverse commercial development possibilities. The property's proximity to Waco and Austin, along with its 33-minute drive to Round Rock and one-hour drive to downtown Austin, adds to its strategic location and market appeal. Additional acreage may be available for assemblage, providing potential for expansion. This prime location in the thriving Village of Salado offers significant potential for commercial development and strong returns on investment. The property's APN is 1148. The asking price is $2,088,266.
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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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.