5Th St Temple, TX 76501
- Land
- 3.33 lot acres
Current Use by Public Records
- Land
Property Details for 0 5Th St
- Lot size
- 3.33 lot acres
- Property type
- Land
Description
This exceptional 3.33-acre commercial land parcel in Temple, Texas, presents a remarkable investment opportunity. Located on 5th Street in Bell County (zip code 76501), this property is zoned for Commercial (C) and Office (O-2) uses, offering significant development potential. Priced at $761,537 ($1.83/sq ft), the land boasts a prime location in a rapidly expanding area of Temple, situated conveniently near major economic drivers. The property benefits from its proximity to Baylor Scott & White, the VA Hospital, Temple College, Texas A&M College of Medicine, and a thriving retail district on 31st Street. Furthermore, it's within a mile of the Temple Medical Education District (TMED), a community redevelopment project focused on long-term economic growth. The surrounding area is experiencing substantial growth, with the addition of three new apartment complexes (each over 250 units) and over 2,000 new homes planned within the next five years. This strategic location makes it ideal for retail establishments, neighborhood stores, or office developments, capitalizing on the increased residential population and the presence of major medical facilities and educational institutions. The property's proximity to Raye-Allen Elementary School, Friar's Creek Nature Trail, Lions Junction Family Water Park, and the South Temple Disc Golf Course adds to its appeal. This is a rare opportunity to acquire land in one of Temple's fastest-growing areas, poised for significant future appreciation. The property is easily accessible via IH 35, situated between Austin and Waco.
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
- Temple
- County
- Bell
- State
- Texas
- Longitude
- -97.3408
- Latitude
- 31.106
