Loop 340 Waco, TX 76705
- Land
- 3.73 lot acres
Current Use by Public Records
- Land
Property Details for 0 Loop 340
- Lot size
- 3.73 lot acres
- Property type
- Land
Description
This exceptional 3.73-acre commercial land parcel presents a remarkable investment opportunity in the thriving Waco, Texas market. Located on E Loop 340 in McLennan County, zip code 76705, this property offers unparalleled access and visibility. Zoned C2 (General Commercial), it's ideally suited for a variety of retail and/or office developments. The site boasts a strategic location at the entrance to the South Fork residential development, ensuring a strong customer base. Its proximity to La Vega Junior High School and La Vega Middle School, less than a half-mile away, further enhances its appeal. Conveniently situated approximately 2.25 miles from I-35, this property benefits from high traffic counts on the rapidly expanding E Loop 340 corridor, boasting 23,345 vehicles per day. The surrounding area demonstrates strong demographics, with a population of 25,910 within a 3-mile radius and an average household income of $55,052. The asking price is $1,015,492.50, translating to a land value of $6.25 per square foot. Seller financing is available, making this an even more attractive proposition for discerning investors. This is a rare opportunity to acquire a prime development site in a high-growth area with excellent potential for significant returns.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waco
- County
- McLennan
- State
- Texas
- Longitude
- -97.0788
- Latitude
- 31.5859
