88.744 of Development Land on US Highway 84

27300 West Highway 84 McGregor, TX 76657

FOR SALE
Property Type:
Other Land
Amount:
$6,950,000
Last Verified:
Jan 04, 2022

Highlights

  • 88.744 Acres (3,865,688.64 SF)
  • Zoned: McGregor PUD
  • US Highway 84 Frontage: ± 3,666’
  • Property Depth: ± 600’
  • US Highway 84: 20,700+ Vehicles/Day (TxDOT: 2019)
  • Utilities: Electricity, Sewer & Water
  • Excellent Visibility
  • Great Potential For Retail and Residential Development
  • Located in McLennan County’s Highest Growth Corridor
  • Highest Per Capita Income in McLennan County
  • 2021 Taxes: $608.54

Description

The Harrell Team - KW Commercial would like to present this development property for sale!

This development is a mixed-use project that is positioned to be a commercial, industrial, and living destination for the Greater Waco area. The overall development offers high exposure for future amenities and services set against a backdrop of single-family residences, in Greater Waco's largest growth corridor. The vision is that this area will become a hub for the community; A connection point where people can work, live, and relax together.

This proposed mixed use development is located off US Highway 84 in McGregor. The vast amount of Highway frontage (± 3,660') is a rare find and provides excellent visibility and optimal placement for any commercial, retail, or office improvements and needs.

This property is located in the city limits of McGregor, Texas just outside of Waco. 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 Harrell Team – KW Commercial!

This property is located on US Highway 84, near the intersection of Bosque Lane in Greater Waco.

Lot Size: 88.74 acres


Documents

Marketing Flyer

Map of 27300 West Highway 84, McGregor, TX, 76657

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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.