3 + Acres Development Land off Chapel Road

3.307 Acres off Chapel Road Waco, TX 76712

3.307 Acres off Chapel Road, Waco, TX, 76712
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FOR SALE
Property Type:
Other Land
Amount:
$495,000
Last Verified:
Mar 31, 2022

Highlights

  • 3.307 Acres
  • Zoned: O-3: Office Limited Commercial
  • Chapel Road Frontage: 522.61’
  • Fabain Drive Frontage: 331.28’
  • Easily Accessible
  • Excellent Visibility
  • Chapel Road: 4,000 Vehicles/Day (TxDOT: 2018)

Description

H&A Commercial Team - KW Commercial would like to present this commercial real estate property for sale!

The 3.307 Acres of commercial land is located off busy Chapel Road and surrounded by residences this parcel is ideal for office and retail development. It’s zoned Waco’s O-3: Office Limited Commercial and has 522.61’ of frontage on Chapel Road and 331.28’ of frontage on Fabian Drive. Chapel Road sees 4,000+ vehicles a day according to a 2018 TxDOT Study.

This property is located in the city limits of Waco, Texas. The Waco Metropolitan Statistical Area has a population of over 270,000 people. The City of Waco is located approximately 90 miles south of the Dallas/Fort Worth area and about 100 minutes north of Austin, Texas.
For more information on this property, or any of our other properties, please contact the H&A Commercial Team – KW Commercial!

Off Chapel Road near Fabian Drive.

Lot Size: 3.31 acres


Documents

Marketing Flyer
Plat
Code of Ordinances

Map of 3.307 Acres off Chapel Road, Waco, TX, 76712

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.