340 Orch Ln LoopWaco, TX 76705

For Sale
$622,908

Prime Waco development site, seller financing.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 2.208-acre commercial land parcel presents a unique investment opportunity in Waco, Texas. Located on Orchard Ln Loop 340, this development-ready tract is situated at the entrance to the South Fork residential development, offering immediate access to a thriving community. The property boasts high visibility and convenient access to I-35 (approximately 2.25 miles away), benefiting from the significant traffic volume on the rapidly expanding E Loop 340 corridor (23,345 vehicles per day). Zoned C2 (General Commercial), this versatile site is ideal for a variety of uses, including retail and office developments. The surrounding area demonstrates strong demographics, with a population of 25,910 and an average household income of $55,052 within a 3-mile radius. Proximity to La Vega Junior High School and La Vega Middle School further enhances its appeal. A new convenience store is slated for completion within 60 days, and a 77-unit multi-family development (Cora Flats) is also nearby, indicating a robust and growing market. The asking price is $622,908, with a land value of $6.50 per square foot. Seller financing is available, making this an attractive proposition for developers seeking a strategic location in a high-growth area. This property offers significant potential for substantial returns.

Highlights

  • 2.208-acre commercial land parcel in Waco, TX, on Orchard Ln Loop 340.
  • High visibility location at the entrance to South Fork residential development, with easy I-35 access (2.25 miles).
  • 23,345 vehicles per day on the rapidly expanding E Loop 340 corridor.
  • C2 (General Commercial) zoning, ideal for retail and office development; nearby new convenience store and 77-unit multi-family development.

Property Details for 340 Orch Ln Loop

Property type
Other land, Land
Lot Size (sq. ft)
96,180 SF

Location Insight

City
Waco
County
McLennan
State
Texas
Latitude
31.5825943
Longitude
-97.0764129
340 Orch Ln Loop, Waco, Texas

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340 Orch Ln Loop
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