Waco, TX 76701
This exceptional 24-acre commercial land parcel presents a unique investment opportunity in Waco, Texas. Strategically located on a hard corner at the intersection of I-35 and West Hilltop Street, this property boasts approximately 2,000 feet of I-35 feeder road frontage and approximately 850 feet of Hilltop Road frontage, ensuring excellent visibility and accessibility. The land is partially stabilized, with approximately 12 acres already developed. The property is situated roughly 10 miles north of Waco, offering convenient access to the city while benefiting from the high traffic volume of Interstate 35. The site provides excellent ingress and egress to both the north and south lanes of I-35, making it ideal for a variety of commercial uses. The asking price is $2,090,880, translating to $2.00 per square foot. The seller is willing to subdivide the property. This location offers unparalleled exposure and connectivity, making it an exceptional opportunity for developers and investors seeking a high-impact commercial site in a rapidly growing area. The property is located in McLennan County, Texas, with a Waco, TX 76701 zip code.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.