2300 New Rd Waco, TX 76711
- Commercial real estate
- 45.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2300 New Rd
- Lot size
- 45.00 lot acres
- Property type
- Commercial real estate
Description
This exceptional 45-acre property, located at 2300 S. New Rd in Waco, Texas (zip code 76711), presents a unique investment opportunity. The land is zoned for Medium Density Residential, allowing for a variety of development options. Permitted uses include duplexes, townhouses, condos, and apartments, with a maximum density of 25 units per acre. The property's strategic location offers significant advantages. It's situated in a rapidly growing area of Waco, directly across the street from recently opened entertainment venues including Topgolf, Main Event, and a Cinemark Theatre, ensuring high visibility and convenient access to amenities. This prime location makes it ideal for a variety of residential developments, including senior living facilities or build-to-rent projects. The property is classified as both retail and land, offering flexibility for potential buyers. Prospective purchasers are advised to independently verify zoning regulations with the City of Waco to confirm suitability for their intended development plans. The asking price is available upon request. This is a rare opportunity to acquire a substantial parcel of land in a thriving Texas market.
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
- -97.1459319
- Latitude
- 31.5090373
