340 Orch Ln Loop Waco, TX 76705
- Land
- 2.21 lot acres
Current Use by Public Records
- Land
Property Details for 340 Orch Ln Loop
- Lot size
- 2.21 lot acres
- Property type
- Land
Description
This exceptional 2.208-acre commercial land parcel presents a unique investment opportunity in Waco, Texas. Located on Orchard Ln Loop 340, this development-ready tract is situated at the entrance to the South Fork residential development, offering immediate access to a thriving community. The property boasts high visibility and convenient access to I-35 (approximately 2.25 miles away), benefiting from the significant traffic volume on the rapidly expanding E Loop 340 corridor (23,345 vehicles per day). Zoned C2 (General Commercial), this versatile site is ideal for a variety of uses, including retail and office developments. The surrounding area demonstrates strong demographics, with a population of 25,910 and an average household income of $55,052 within a 3-mile radius. Proximity to La Vega Junior High School and La Vega Middle School further enhances its appeal. A new convenience store is slated for completion within 60 days, and a 77-unit multi-family development (Cora Flats) is also nearby, indicating a robust and growing market. The asking price is $622,908, with a land value of $6.50 per square foot. Seller financing is available, making this an attractive proposition for developers seeking a strategic location in a high-growth area. This property offers significant potential for substantial 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
- -97.0764
- Latitude
- 31.5826
