0 Marlandwood Rd Temple, TX 76502
This exceptional 6.3-acre commercial development site in Temple, Texas, presents a compelling investment opportunity. Zoned for General Retail (GR) and Office-2 (O2), this property boasts a strategic location in a rapidly expanding area of south Temple. Its proximity to major economic drivers, including Baylor Scott & White, the VA Hospital, Temple College, Texas A&M College of Medicine, and the 31st Street retail district, ensures high visibility and accessibility. The site benefits from its adjacency to new residential developments and the recently constructed Encore apartments, creating a strong foundation for future growth. Furthermore, the property's location within the Temple Medical Education District (TMED) redevelopment area positions it to capitalize on the long-term economic vitality of this thriving community. The area is experiencing significant new home construction, further enhancing the property's value. Convenient access to IH 35, situated between Austin and Waco, provides excellent regional connectivity. Infrastructure is readily available, with an 8-inch water line accessible on the west side and an 8-inch sewer line available on the east side. This site is ideally suited for neighborhood-serving retail or office uses, offering significant potential for development and substantial returns. The asking price is $1,995,594, with a land value of $8 per square foot. The property is located on Marlandwood Road, Temple, TX 76502.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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