5229 Old Lorena RdLorena, TX 76655

For Sale
$2,100,000

Prime 23-acre development tract in Lorena, TX.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 23.62-acre commercial land parcel presents a remarkable investment opportunity in the thriving Lorena, Texas market. Strategically located along Old Lorena Road, near the intersection of Spring Valley Road, Highway 84, and Interstate 35, this property benefits from excellent accessibility and high visibility. The site is situated within the Waco, Woodway, Hewitt, and Lorena overlay area, a region experiencing significant growth with numerous recent and planned housing and commercial developments. The property currently features a 2,098-square-foot, three-bedroom, two-bathroom home, along with two additional barns or storage buildings located on the front left side. These existing structures could be repurposed or removed to accommodate future development plans. All utilities are conveniently located on-site, simplifying the development process. The property is zoned R, offering flexibility for a variety of commercial uses. Given the area's rapid expansion and the property's prime location and size, this land presents exceptional potential for significant return on investment. The asking price is $2,100,000. McLennan County location offers further advantages for investors seeking growth in this dynamic Texas market.

Highlights

  • 23.62-acre commercial land parcel in Lorena, TX.
  • Excellent accessibility and high visibility on Old Lorena Road, near major roadways (Highway 84, I-35).
  • Located in a high-growth area with numerous new housing and commercial developments.
  • Includes a 2,098 sq ft, 3 bed/2 bath home and two barns.
  • Utilities on-site; R-zoned for flexible commercial use.
  • Asking price: $2,100,000.

Property Details for 5229 Old Lorena Rd

Property type
Other land, Land
Lot Size (sq. ft)
1,028,887 SF

Location Insight

City
Lorena
County
McLennan
State
Texas
Latitude
31.4194245
Longitude
-97.2360218
5229 Old Lorena Rd, Lorena, Texas

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5229 Old Lorena Rd
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