0 Loop 340 Waco, TX 76705
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.
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.