0 Callan Blvd Lorena, TX 76655
This exceptional 6.67-acre commercial land parcel presents a unique investment opportunity in the rapidly growing West Waco area of Lorena, Texas. Strategically situated at the intersection of Panther Way and Ritchie Road, this property benefits from its prime location at the entrance to the burgeoning Callan Village community (currently under construction). The recent upgrade of Ritchie Road to an arterial connector between Highway 84 and Interstate 35 significantly enhances accessibility and visibility. This area is experiencing explosive residential growth, with thousands of new homes already built and many more planned, creating a substantial and expanding customer base. Zoned PUD-Commercial, this 6.67-acre tract is divisible, offering flexibility for various development scenarios. Ideal uses include retail establishments, office spaces, restaurants, or financial services, catering to the significant population increase in the immediate vicinity. The property's location at the gateway to Callan Village ensures high visibility and convenient access for potential businesses. This is a rare opportunity to capitalize on the remarkable growth trajectory of West Waco and secure a prominent position within this thriving community. The property is located in McLennan County, Texas, with a Waco mailing address and 76655 zip code.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.