5Th St Temple, TX 76502

Property Details for 0 5Th St

Lot size

2.30 lot acres

Property type

Land

Description

This exceptional offering consists of two platted commercial lots totaling approximately 4.91 acres, strategically located at the turnaround for South 5th Street and US-190 Overpass in Temple, Texas. Situated between the 31st Street and 1st Street Overpasses, this property enjoys unparalleled visibility and accessibility. The lots are zoned C-Commercial, allowing for a variety of uses including general office, retail, restaurants, hospitality, and self-storage. Lot 2 encompasses 2.59 acres, while Lot 3 comprises 2.32 acres. The site benefits from significant traffic counts, with US-190 (future IH-14) boasting over 25,000 vehicles per day (VPD in 2016) and South 5th Street exceeding 13,800 VPD (2016). This high-traffic location is further enhanced by its proximity to major medical facilities, educational institutions, hospitality employers, and numerous new Class-A retail, mixed-use, single-family, and multi-family residential developments. The area demonstrates strong demographics, with an average household income of $61,500 within a 5-mile radius and a population of 71,000 within the same area. All essential utilities are readily available on-site, including city water (8-inch line), city sewer (12-inch line), Oncor 3-phase electricity, and underground fiber cable along the west side of South 5th Street. The asking price is $1,497,157, translating to $7 per square foot of land value. This presents a unique opportunity to capitalize on the growth and development within this thriving commercial corridor.

Location Insight

City

Temple

County

Bell

State

Texas

Longitude

-97.3553

Latitude

31.0686