0 2.81 Acres New Dallas Hwy Waco, TX 76705
This exceptional 2.81-acre vacant land parcel presents a remarkable investment opportunity in Waco, Texas. Strategically located on New Dallas Highway and Old Dallas Road, this property boasts significant frontage (459 feet on New Dallas Hwy and 248 feet on Old Dallas Hwy), ensuring high visibility for any commercial development. Its convenient location less than a quarter-mile from Loop 340 provides easy access to I-35, placing it within reach of a substantial customer base. The property is zoned C3 by the City of Lacy Lakeview, offering flexibility for a variety of commercial uses. City of Lacy Lakeview utilities are readily available. Surrounded by established businesses, this site is ideal for entrepreneurs seeking a high-traffic location with strong potential for growth. The asking price is $550,000, translating to a land value of $4.50 per square foot. This prime location and flexible zoning make this property a compelling investment opportunity in a thriving Texas market. Don't miss this chance to acquire a highly visible and accessible commercial lot in a rapidly developing area.
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
Similar Nearby for Sale
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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.