3 5Th St Temple, TX 76504
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.
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.