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    OFF-MARKET
    Land

    84 Tbd Hwy, McGregor, TX 76657

    12.46 ac lot
    Property ID
    Property summary
    AI-generated overview

    Exceptional 12.463-acre vacant land parcel ideally situated on Highway 84 between Waco and McGregor, Texas. This prime development opportunity boasts 393 feet of highway frontage, ensuring high visibility and accessibility. Located within the Waco extraterritorial jurisdiction (ETJ), the property is free from zoning restrictions, offering maximum flexibility for a diverse range of development projects. A significant advantage is the existing infrastructure: one water meter and one curb cut are already in place, streamlining the development process and reducing initial costs. The high-traffic location, with a reported 23,356 vehicles per day according to TxDOT data, guarantees substantial exposure and potential for commercial success. The property's address is TBD W HWY 84, McGregor, TX 76657, in McLennan County. This presents a rare chance to capitalize on the growth of the Waco and McGregor areas, making it an attractive investment for developers seeking a strategic location with minimal regulatory hurdles. The land is priced at $3.25 per square foot.

    Property profile
    Verified
    Property type Land
    Lot 12.46 ac (542,888 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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