5229 Old Lorena Rd Lorena, TX 76655
- Land
- 23.62 lot acres
Current Use by Public Records
- Land
Property Details for 5229 Old Lorena Rd
- Lot size
- 23.62 lot acres
- Property type
- Land
Description
This exceptional 23.62-acre commercial land parcel presents a remarkable investment opportunity in the thriving Lorena, Texas market. Strategically located along Old Lorena Road, near the intersection of Spring Valley Road, Highway 84, and Interstate 35, this property benefits from excellent accessibility and high visibility. The site is situated within the Waco, Woodway, Hewitt, and Lorena overlay area, a region experiencing significant growth with numerous recent and planned housing and commercial developments. The property currently features a 2,098-square-foot, three-bedroom, two-bathroom home, along with two additional barns or storage buildings located on the front left side. These existing structures could be repurposed or removed to accommodate future development plans. All utilities are conveniently located on-site, simplifying the development process. The property is zoned R, offering flexibility for a variety of commercial uses. Given the area's rapid expansion and the property's prime location and size, this land presents exceptional potential for significant return on investment. The asking price is $2,100,000. McLennan County location offers further advantages for investors seeking growth in this dynamic Texas market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lorena
- County
- McLennan
- State
- Texas
- Longitude
- -97.236
- Latitude
- 31.4194
