0 Tbd Johnson Dr, McGregor, TX 76657
This exceptional 82-acre (±) commercial land parcel presents a remarkable development opportunity in the thriving city of McGregor, Texas, and within the Waco extraterritorial jurisdiction (ETJ). The property is strategically located less than half a mile from McGregor's main highway and a grocery store, ensuring convenient access and high visibility. This area has experienced significant recent growth and development, indicating a strong and promising market for future projects. The property is zoned R, offering flexibility for a variety of residential or commercial development plans. The expansive lot size provides ample space for large-scale projects, catering to diverse development needs. Its proximity to essential amenities and its location within a rapidly expanding area make this an unparalleled investment opportunity for developers seeking high-return potential. The address is listed as TBD Johnson Dr, McGregor, TX 76657, with GPS coordinates of 31.4288212 latitude and -97.4166169 longitude. The asking price for this exceptional property is $2,870,000. This is a rare chance to acquire a substantial land holding in a dynamic and rapidly growing Texas market.
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
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.