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Property profile & analytics
OFF-MARKET
Commercial real estate

3419 3Rd St Waco, TX 76706

4.55 ac lot
Property ID
US83-3048027
Property summary
AI-generated overview

This exceptional 4.55-acre parcel presents a remarkable investment opportunity in Waco, Texas. Strategically located near Baylor University and existing student housing, this property is zoned R-1B, offering significant potential for various development projects. The expansive lot size allows for substantial flexibility in design and construction, catering to a wide range of residential development possibilities. Its proximity to Baylor University ensures high demand and strong rental potential, making it an attractive proposition for developers seeking to capitalize on the thriving Waco real estate market. The address is 3419 S 3rd St, Waco, TX 76706, within McLennan County. The asking price for this prime piece of land is $399,900. Given its location, zoning, and size, this property represents a unique chance to build in a highly sought-after area. Serious inquiries are encouraged to explore the full potential of this exceptional development site. The property is conveniently located near Baylor University and various student housing projects, ensuring a strong and consistent demand for any future development. This is a rare opportunity to acquire a large, well-located parcel in a rapidly growing area. The R-1B zoning allows for a variety of residential uses, providing flexibility for developers. Don't miss this chance to secure a prime piece of Waco real estate.

Property profile
Verified
Property type Commercial real estate
Lot 4.55 ac (198,198 SF)
UPID US83-3048027
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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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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