3 5Th St Temple, TX 76504
- Land
- 3.00 lot acres
Current Use by Public Records
- Land
Property Details for 3 5Th St
- Lot size
- 3.00 lot acres
- Property type
- Land
Description
This exceptional 3-acre property in Temple, Texas, presents a remarkable investment opportunity. Located on South 5th Street, this land boasts a strategic position in a rapidly expanding area, offering significant development potential. The property is zoned for both Commercial (C) and Office 2 (O-2) uses, providing flexibility for a variety of projects. Its prime location offers easy access to Interstate 35, placing it conveniently between Austin and Waco. The area is experiencing substantial growth, fueled by the proximity to major institutions such as Baylor Scott & White, the VA Hospital, Temple College, and Texas A&M College of Medicine. Furthermore, the property benefits from its close proximity to a thriving retail district on 31st Street and is surrounded by new residential developments, including over 250 apartment units and over 2,000 planned new homes. Within a mile of the Temple Medical Education District (TMED), a key economic driver for the community, this land is ideally suited for retail, neighborhood stores, or office use. The asking price is $761,538, with a land value of $6 per square foot. This is a rare chance to capitalize on the explosive growth in South Temple and its proximity to major economic drivers. Don't miss this opportunity to secure a piece of Temple's vibrant future.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Temple
- County
- Bell
- State
- Texas
- Longitude
- -97.3581
- Latitude
- 31.0596
