5110 Meyers LnWaco, TX 76705

Property Details for 5110 Meyers Ln

Lot size

3.09 AC

Zone code

R

Property type

Commercial real estate

APN

200885000129010

APU

200885000129010

Description

This exceptional 3.095-acre RV park in Waco, Texas, presents a unique investment opportunity. Currently featuring 20 RV pads, the property boasts a prime location less than two miles from Interstate 35 and just an eleven-minute drive from the renowned Magnolia Silos, ensuring high tourism potential. Built in 2000, the park is priced at $350,000, or $17,500 per pad. While currently vacant due to local regulations requiring upgrades to restroom and laundry facilities, this presents a chance to enhance the property and capitalize on its strong location. The existing infrastructure provides a solid foundation for immediate development. Significant upside potential exists through the development of additional RV pads on the wooded acreage, catering to the growing tourism market. The property's proximity to major transportation routes and popular attractions makes it ideally positioned for success once the necessary improvements are completed. This is an excellent opportunity for an investor seeking a high-return project with significant growth potential in a thriving Texas market. The address is 5110 Meyers Ln, Waco, TX 76705.

• Alternative Use

  Use

  Valuation

  Residential

  $29,859,926

  Hospitality

  $27,351,532

  Educational

  $22,756,154

  Medical

  $23,538,772

  Retail

  $35,398,460

Location Insight

City

Waco

County

Mclennan

State

Texas

Latitude

31.6267

Longitude

-97.0794

CBSA code

47380

CBSA name

WACO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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