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OFF-MARKET
Land

0 Azalea Dr Temple, TX 76502

12.22 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 12.22-acre commercial land parcel presents a unique investment opportunity in Temple, Texas. Strategically located on Azalea Dr, in Bell County (zip code 76502), this property boasts a Multi-Family 3 zoning designation, opening doors to a variety of development possibilities. The site benefits from its proximity to major economic drivers, including Baylor Scott & White, the VA Hospital, Temple College, and Texas A&M College of Medicine. The vibrant 31st Street retail district is also within easy reach. Furthermore, the property enjoys a convenient location near Raye-Allen Elementary School, Friar's Creek Nature Trail, Lions Junction Family Water Park, and the South Temple Disc Golf Course, enhancing its appeal to potential residents and businesses. Its adjacency to the new Encore apartments and proximity to several new residential developments underscore the area's rapid growth. This location is ideal for retail establishments, neighborhood stores, or office spaces. The property's position within a few miles of the Temple Medical Education District (TMED), a community-wide redevelopment initiative focused on long-term economic vitality, further solidifies its investment potential. This area is experiencing a surge in new home construction, making this site a prime beneficiary of the increased investment in South Temple. The property's location on IH 35, between Austin and Waco, provides excellent accessibility and visibility.

Property profile
Verified
Property type Land
Lot 12.22 ac (532,303 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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