1401 Lake Shore Dr Waco, TX 76708
- Commercial real estate
- 30.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1401 Lake Shore Dr
- Lot size
- 30.00 lot acres
- Property type
- Commercial real estate
- APN
- 193747
Description
This exceptional 30-acre development site in Waco, Texas, presents a unique opportunity for investors and developers. Located at 1401 Lake Shore Dr., this flat, cleared, and cultivated property boasts approximately 1,560 feet of frontage on Lake Shore Drive and a depth of roughly 840 feet. The O-2 zoning permits a diverse range of projects, including multifamily and single-family residences, apartment hotels, recreational facilities, and neighborhood retail centers. Situated within Waco's Tax Increment Finance Zone #3, the site offers potential incentives for public improvements and utilities. Its strategic location provides easy access to numerous amenities, such as Camp Fimfo Resort, Hawaiian Falls Water Park, Riverbend Ballpark Complex, McLennan Community College, and the Waco Regional Tennis & Fitness Center. Public transportation is readily available via the City of Waco Transit system. Furthermore, the property's location within the Waco Independent School District adds to its appeal. The site is part of the larger Riverway development project, a transformative initiative encompassing approximately 521 acres, projected to include around 1900 homes, 22 acres of commercial space, a 170-slip marina, 160 acres of walking trails, a man-made beach, shops, and restaurants. This property represents a significant investment opportunity in a rapidly growing area of Waco, offering substantial potential for long-term growth and return. The APN is 193747.
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
- -97.177832230033
- Latitude
- 31.593626705623
