This exceptional 30-acre development site in Waco, Texas, presents a unique opportunity for investors and developers. Located at 1401 Lake Shore Dr., this flat, cleared, and cultivated property boasts approximately 1,560 feet of frontage on Lake Shore Drive and a depth of roughly 840 feet. The O-2 zoning permits a diverse range of projects, including multifamily and single-family residences, apartment hotels, recreational facilities, and neighborhood retail centers. Situated within Waco's Tax Increment Finance Zone #3, the site offers potential incentives for public improvements and utilities. Its strategic location provides easy access to numerous amenities, such as Camp Fimfo Resort, Hawaiian Falls Water Park, Riverbend Ballpark Complex, McLennan Community College, and the Waco Regional Tennis & Fitness Center. Public transportation is readily available via the City of Waco Transit system. Furthermore, the property's location within the Waco Independent School District adds to its appeal. The site is part of the larger Riverway development project, a transformative initiative encompassing approximately 521 acres, projected to include around 1900 homes, 22 acres of commercial space, a 170-slip marina, 160 acres of walking trails, a man-made beach, shops, and restaurants. This property represents a significant investment opportunity in a rapidly growing area of Waco, offering substantial potential for long-term growth and return. The APN is 193747.
Highlights
30-acre development site in Waco, Texas, at 1401 Lake Shore Dr.
1,560 feet of Lake Shore Drive frontage, 840 feet deep, flat and cleared.
O-2 zoning allows multifamily, single-family, hotels, recreation, and retail.
Located in Waco's Tax Increment Finance Zone #3, offering potential incentives.
Excellent access to amenities including Camp Fimfo, Hawaiian Falls, and McLennan Community College.
Within Waco Independent School District.
Property Details
for 1401 Lake Shore Dr
Property type
Retail properties, Land
Lot Size (sq. ft)
1,306,800 SF
Location Insight
City
Waco
County
McLennan
State
Texas
Latitude
31.593626705623
Longitude
-97.177832230033
1401 Lake Shore Dr, Waco, Texas
Nearby Similar for Sale
For SaleCall for price
Waco Retail Land - 45 Acres
Prime Waco location, high-density zoning, development potential.
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Contacts
Brad Wetzel
Visit Broker Website
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1401 Lake Shore Dr, Waco, Texas, 76708
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1401 Lake Shore Dr
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