4200 S 5Th St Temple, TX 76502
For Sale
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Temple, Texas is located on IH 35, between Austin and Waco. This 1.45 acre lot sits at the corner of a busy intersection, in an area that is positioned on the south side of Temple that is poised for growth. There is extraordinary development potential with its close proximity to Baylor Scott & White, the VA Hospital, Temple College, Texas A&M College of Medicine, and the major retail district on 31st Street. Nearby is Raye-Allen Elementary School, Friar’s Creek Nature Trail, Lions Junction Family Water Park, and the South Temple Disc Golf Course. The property is adjacent to the new Encore apartments and is just north of several new neighborhood developments. This is an ideal location for neighborhood stores or office use. The location has a 1458 sf home built in 1981 that could easily be converted to office use or demoed, depending on need. Within just a few miles is the Temple Medical Education District (TMED). This is a community-wide redevelopment effort aimed at ensuring the long term economic vitality of a critical area of Temple. The area is the second fastest growing area for new home starts. This site is a benefactor of the increased investment in south Temple and by its proximity to the major economic drivers for the community.
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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No recorded transactions found for this property.
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Risks
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