5.705 Acres of Development Land in Waco's "Motor Mile"

1401 West Loop 340 Waco, TX 76712

1401 West Loop 340, Waco, TX, 76712
1401 West Loop 340, Waco, TX, 76712
FOR SALE
Property Type:
Other Land
Amount:
$2,175,000
Last Verified:
Apr 04, 2019

Highlights

  • 5.705 Acres (248.509.80 SqFt)
  • Zoned: M-2: Light Industrial District
  • West Loop 340 Frontage: 250’ +/-
  • Exchange Parkway Frontage: 265' +/-
  • West Loop 340: 56,000 Vehicles/Day (TxDOT: 2016)
  • Distance to Interstate Highway 35: 1.5 Miles
  • Distance to U.S. Highway 84: 1.5 Miles
  • Utilities: 16" Water Line; 10" Sewer Line
  • Off-Ramp Feeds Property Frontage
  • Easy Ingress/Egress for West Loop 340
  • Excellent Visibility
  • 2017 Taxes: $50,848.54

Description

H&A Commercial Team - KW Commercial and The Jon Spelman Company would like to present this commercial real estate property for sale!

The property is a prime corner parcel that’s nestled among a stretch of West Loop 340 known as Waco’s "Motor Mile” for its numerous car dealerships such as Allen Samuels Dodge Chrysler Jeep Ram, Bird Kultgen Ford, Waco Nissan, and Jeff Hunter Toyota/Scion to name a few.

This commercial land located at 1401 West Loop 340 in Waco, Texas sits on 5.705 Acres. It has 250’ +/- West Loop 340 Frontage, 256’ +/- Exchange Parkway Frontage and is only 1.5 miles from both Highway 84 and Interstate 35 with an off ramp feeding into the property frontage providing for excellent visibility and accessibility.

It is situated in Waco’s M-2: Light Industrial District. There is a 16” water line and 10” sewer line to the property with City of Waco services. A gas line is also located along the Northwestern perimeter of the property.

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 miles 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!

This property is located on the south side of West Loop 340/State Highway 6 east of its intersection with Exchange Parkway in Waco, Texas.

Lot Size: 5.71 acres

Map of 1401 West Loop 340, 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.