1401 Lake Shore Dr. - Prime Development Opportunity at 1401 Lake Sh 30 Acres of Commercial Land in Waco, TX 76708
INVESTMENT HIGHLIGHTS
- Located in City of Waco TIF Zone #3
- Ag Exemption currently in place - Cleared, Flat, Level, Cultivated land
- Less than 1 mile to McLennan Community College
- High Traffic Frontage
- Located in close proximity to major attractions and traffic drivers.
- Utilities at the Street
EXECUTIVE SUMMARY
This prime 30-acre undeveloped site, located at 1401 Lake Shore Dr. in Waco, Texas, is now available for sale. With approximately 1,560 feet of frontage on Lake Shore Drive and a lot depth of around 840 feet, the flat, cleared, and cultivated land provides an excellent foundation for various development projects. The site's current O-2 zoning classification allows for a mix of multifamily and single-family residences, apartment hotels, outdoor recreational facilities, and neighborhood retail centers, offering developers a range of possibilities to cater to the growing community.
Situated within Waco’s Tax Increment Finance Zone #3, the property benefits from potential incentives for public improvements, utilities, affordable housing, and more. Accessibility is enhanced by its proximity to significant amenities, including Camp Fimfo Resort, Hawaiian Falls Water Park, Riverbend Ballpark Complex, McLennan Community College and the Waco Regional Tennis & Fitness Center. Additionally, public transportation provided by the City of Waco Transit system ensures connectivity throughout the city. The location within the Waco Independent School District further enhances its appeal for family-oriented developments. This site represents a strategic investment and development opportunity in a rapidly developing region.
“RIVERWAY” Development:
The Riverway project is a massive development project that is set to transform the Lake Shore area. This project is reported
to include residential areas, public parks, walking trails, a marina, and commercial and retail spaces. The site consits of
approximately 521 acres of mixed-use residential, commercial and multifamily as well as public parks, walking trails, and
a marina. Preliminary information shows that the development will consist of approximately 1900 homes, 22 acres of
commercial space, 170-slop marina, 160 acres of walking trails, a man-made beach, shops and restaurants. Riverway is
poised to become a vibrant center of activity for the Waco community.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Lot Size | 30.00 AC |
Flat, level, cultivated. High traffic frontage.
DESCRIPTION
Prime Development Opportunity at 1401 Lake Shore Dr., Waco, TX This prime 30-acre undeveloped site, located at 1401 Lake Shore Dr. in Waco, Texas, is now available for sale. With approximately 1,560 feet of frontage on Lake Shore Drive and a lot depth of around 840 feet, the flat, cleared, and cultivated land provides an excellent foundation for various development projects. The site's current O-2 zoning classification allows for a mix of multifamily and single-family residences, apartment hotels, outdoor recreational facilities, and neighborhood retail centers, offering developers a range of possibilities to cater to the growing community. Situated within Waco’s Tax Increment Finance Zone #3, the property benefits from potential incentives for public improvements, utilities, affordable housing, and more. Accessibility is enhanced by its proximity to significant amenities, including Camp Fimfo Resort, Hawaiian Falls Water Park, Riverbend Ballpark Complex, McLennan Community College and the Waco Regional Tennis & Fitness Center. Additionally, public transportation provided by the City of Waco Transit system ensures connectivity throughout the city. The location within the Waco Independent School District further enhances its appeal for family-oriented developments. This site represents a strategic investment and development opportunity in a rapidly developing region.
PROPERTY TAXES
| Parcel Number | 48-041801-000201-9 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $10,200 |
