9.696 Acres of Development Land on Ritchie Road and Panther Way

9.696 Acres of Development Land on Ritchie Road and Panther Way Waco, TX 76712

9.696 Acres of Development Land on Ritchie Road and Panther Way, Waco, TX, 76712
9.696 Acres of Development Land on Ritchie Road and Panther Way, Waco, TX, 76712 9.696 Acres of Development Land on Ritchie Road and Panther Way, Waco, TX, 76712 9.696 Acres of Development Land on Ritchie Road and Panther Way, Waco, TX, 76712
FOR SALE
Property Type:
Residential Land Development
Amount:
$2,111,788
Last Verified:
Mar 31, 2022

Highlights

  • 9.696 Acres - Will Subdivide
  • Currently Zoned R1-B Residential Proposed Change to O-2 Office
  • All Utilities Available to Site
  • Ritchie Road Frontage ± 1,300’
  • Panther Way Frontage: ± 415’
  • Old Ritchie Road Frontage: 1,180’
  • Easily Accessible
  • Excellent Visibility
  • Panther Way: 1,800+ Vehicles/Day (TxDOT: 2019)
  • 2020 Taxes: $68.84

Description

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

The 9.696 Acres is located at the intersection of Ritchie Road and Panther Way in Waco, Texas providing for both excellent visibility and easy access.

The property is currently zoned R1-B: Residential but proposed change to C-2 Commercial or O-2 Office District.

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 at the corner of Panther Way and Ritchie Road in Waco, Texas.

Lot Size: 9.7 acres


Documents

Marketing Flyer
Tax Information
Code of Ordinances

Map of 9.696 Acres of Development Land on Ritchie Road and Panther Way, 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.