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OFF-MARKET
Land

3402 Lowes Dr Temple, TX 76502

4.2 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 4.2-acre commercial land parcel presents a remarkable investment opportunity in Temple, Texas. Located at 3402 Lowes Dr, 76502, this property boasts a General Retail zoning designation, ideal for a variety of uses including retail establishments, neighborhood stores, or office space. The land is priced at $6 per square foot. Situated on the south side of Temple, this location benefits from its proximity to major economic drivers, including Baylor Scott & White, the VA Hospital, Temple College, Texas A&M College of Medicine, and the bustling retail district on 31st Street. The area is experiencing significant growth, with numerous new residential developments underway, ensuring a strong and expanding customer base. Furthermore, the property's adjacency to the new Encore apartments and its proximity to Raye-Allen Elementary School, Friar's Creek Nature Trail, Lions Junction Family Water Park, and the South Temple Disc Golf Course enhance its appeal. The site is also conveniently located near the Temple Medical Education District (TMED), a community redevelopment project focused on long-term economic vitality. City of Temple water access is available on the east side of Lowes Drive, and sewer access is provided via a 15' wide utility easement to an existing 6" line on the southeast corner of the property on Marlandwood. This property is a direct beneficiary of the increased investment in south Temple and its strategic position near key community assets makes it an exceptional opportunity for development. The property's location on IH 35, between Austin and Waco, provides excellent visibility and accessibility.

Property profile
Verified
Property type Land
Lot 4.2 ac (182,952 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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