2301 New Rd Waco, TX 76711
This exceptional 1.232-acre commercial land parcel presents a unique investment opportunity in Waco, Texas. Located at 2301 S New Rd, 76711, this property boasts a highly desirable C2 zoning designation, allowing for a variety of uses including bank and quick-service restaurant development. The site is strategically positioned within the thriving Cottonwood Creek Market Development, a rapidly growing area with significant future potential. With 150 single-family residential units planned directly behind the property, this location ensures high visibility and consistent foot traffic. Its convenient access from I-35 provides exceptional accessibility for customers and employees. The property's prime location is further enhanced by its proximity to established businesses such as QuikTrip and a new Northern Tool store, indicating a strong and stable commercial environment. The asking price for this exceptional land parcel is $1,234,316. This represents a compelling investment opportunity in a high-growth area with excellent visibility and accessibility. Don't miss the chance to secure this prime location for your next commercial venture.
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.