Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 222401
HOA Y/N No
Annual Tax Amount $1,763
Tax Year 2023
Lot Size 0.301 Acres
Acres 0.301
Property Sub-Type Commercial
Property Description
Welcome to 1401 W Waco Drive, an exceptional opportunity to invest in a prime lot located in the heart of Waco, Texas. Situated near downtown, this lot enjoys proximity to downtown attractions, including shops, restaurants, and the Magnolia Silos. The seller has obtained approved plans for a Tiny Home development on this lot, pending payment. The total cost for the permit and impact fee to the city of Waco is $11,000.66. These plans offer an excellent opportunity for immediate development, with no expiration date in the current stage with the city. If the plans were paid for, they would have a 6-month shelf life to commence building, providing flexibility and convenience for the buyer. The seller has employed local Waco engineers, architects, designers, and general contractors to create and submit the plans, ensuring compliance with local regulations and standards. In addition to the approved building plans, the seller had TFNB, a local bank, analyze and approve the construction loan with a 20% down payment. Don't miss your chance to capitalize on this exceptional lot opportunity in Waco's thriving real estate market. Whether you're an investor, developer, or homeowner, this property offers endless potential for growth and success.
Location
State TX
County Mclennan
Community Curbs, Gutter(S)
Interior
Fireplace No
Exterior
Exterior Feature None
Fence Chain Link, Partial
Community Features Curbs, Gutter(s)
Utilities Available Water Available, Sewer Available
Waterfront Description None
Water Access Desc Public
Present Use Vacant
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Additional Building None
Schools
Elementary Schools West Avenue
School District Waco Isd
Others
Tax ID 168909
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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