3001 Macarthur Dr Waco, TX 76708
- Commercial land
- 1.36 lot acres
Current Use by Public Records
- Commercial land
Property Details for 3001 Macarthur Dr
- Lot size
- 1.36 lot acres
- Zone code
- R2
- Property type
- Commercial land
- APN
- 480373000001003
- APU
- 480373000001003
Description
This exceptional 1.407-acre commercial land parcel, located at 3001 MacArthur Drive in Waco, Texas, presents a compelling investment opportunity. Priced at $325,000, this property boasts an R-2 zoning designation, permitting the development of two-family and attached single-family residences. This zoning is ideal for moderate-density residential projects, particularly given its convenient access to major roadways and proximity to community services. The site's strategic location near Lake Shore Drive, Park Lake Drive, and Hillcrest Drive ensures excellent visibility and accessibility. The property's 61,288.92 square feet offer ample space for a variety of development plans. Its location within the Waco city limits, a metropolitan area with over 270,000 residents, provides access to a substantial population base. Furthermore, the property benefits from its proximity to key infrastructure, including the Waco Police Station, Lake Waco, and Waco Regional Airport. Essential utilities such as water, sewer, and electricity are readily available, simplifying the development process. This property represents a rare chance to acquire a well-situated, commercially zoned land parcel in a thriving Texas market. The location offers easy access to the Dallas/Fort Worth area (approximately 90 miles north) and Austin (approximately 100 minutes south).
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
- -97.1831
- Latitude
- 31.5647
- CBSA code
- 47380
- CBSA name
- WACO, TX METROPOLITAN STATISTICAL AREA
