408 Lacy Dr Waco, TX 76705
This exceptional 17-acre parcel presents a remarkable opportunity for commercial development in Waco, Texas. Strategically located near the intersection of I-35 and Loop 340, this property enjoys excellent visibility and accessibility. Currently zoned for commercial use, the land offers considerable flexibility for a wide range of development projects. The asking price is $500,000, translating to a land value of $0.68 per square foot. Given its size and location, this property is ideally suited for various commercial ventures. The area is experiencing significant growth, with new residential developments underway, creating a strong demand for commercial spaces to serve the expanding population. The property's proximity to major transportation arteries ensures convenient access for both employees and customers. This is a rare opportunity to acquire a substantial tract of land in a thriving Texas market poised for continued expansion. The address is 408 S Lacy, Waco, TX 76705. The property is situated in McLennan County. Detailed zoning information is available upon request. Don't miss this chance to secure a prime piece of Waco real estate.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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