308 College StWest, TX 76691

Property Details for 308 College St

Lot size

1.20 AC

Property type

Land

Description

This exceptional 1.2-acre commercial land parcel presents a remarkable investment opportunity on the northbound frontage road of Interstate 35 in West, Texas. Boasting a highly desirable location across from Slovacek's and near the Czech Stop, this property benefits from exceptionally high traffic volume exceeding 77,000 vehicles daily. Its strategic positioning makes it ideal for various retail uses, particularly fast food establishments. The area demonstrates strong growth potential, evidenced by the recent construction of a new McDonald's less than a mile away and a Starbucks currently under construction nearby. West, Texas itself is experiencing rapid residential development, further enhancing the property's long-term value. Adding to its appeal, this property is situated within a designated Heart of Texas Opportunity Zone, offering significant tax incentives. These include a temporary tax deferral, a step-up in basis for capital gains reinvested in a qualified Opportunity Zone Fund, and a potential permanent exclusion from taxable income on capital gains from the sale or exchange of an investment in a qualified Opportunity Zone Fund, provided the investment is held for at least 10 years. The property includes McLennan County Appraisal District (MCAD) property IDs 202742, 202757, 202753, and 202744. The asking price for this prime commercial land is $795,000.

Location Insight

City

West

County

McLennan

State

Texas

Latitude

31.7999

Longitude

-97.1003

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