22 Acres On China Spg Rd Waco, TX 76708
This exceptional 21.975-acre tract in Waco, Texas, presents a unique opportunity for developers. Located on China Spring Road (FM 1637), this highly visible property boasts 1,350 feet of road frontage and varying depths up to 2,350 feet. The land is situated within the sought-after China Spring ISD (3a) and benefits from recent road improvements to FM 1637, ensuring excellent access. The property is within Waco city limits and offers convenient access to city water and sewer utilities. Zoning allows for a mixed-use development, with approximately 5 acres zoned (O-3) Office-limited Commercial and approximately 17 acres zoned (R-1B) Single-family Residential. Its strategic location is adjacent to established residential areas and expanding commercial development, making it an ideal site for a variety of projects. The property's size, zoning, and location combine to create a compelling investment opportunity in a rapidly growing area of Northwest Waco, offering significant potential for future growth and return. The zip code is 76708, and the property is in McLennan County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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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.