Lorena Crossing

Interstate 35 at Barnes Road Lorena, TX 76655

Interstate 35 at Barnes Road, Lorena, TX, 76655
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FOR SALE
Property Type:
Other Land
Amount:
Please Call Broker for Price

Last Verified:
Jan 03, 2022

Highlights

  • 88.266 Acres (3,844,866.96 SF)
  • Interstate 35 Frontage: 3,731.12’
  • Proposed Site Plan For Lorena Crossing Complex
  • Planned Water & Sewer Access
  • Zoned: Lorena - (IC) Interstate 35 Planned Corridor District
  • Easily Accessible & Excellent Visibility
  • Interstate 35: 79,400+ Vehicles/Day (TxDOT: 2019)
  • Mixed Use Development

Description

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

Welcome to Lorena Crossing! This development is a mixed-use project that is positioned to be a retail and living destination for the Greater Waco area. The overall development offers high exposure for future amenities and services set against a backdrop of multi-tenant and single-family residences. The vision is that this center will connect a tight knit community and become a hub for the community. It is a connection point where people can work, live, and relax together.

This proposed mixed use development is located off Interstate 35 just past Exit 323. Its proximity to an ingress and egress as well as Lorena City Hall make this the ideal location for development in this growing community. The vast amount of Interstate frontage (± 3,731.12’) 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 Lorena, 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!

Off Interstate 35 at the intersection of Barnes Road and North Old Temple Road.

Lot Size: 88.27 acres


Documents

Survey
Lorena Crossing Marketing Breakdown Package
Marketing Flyer

Map of Interstate 35 at Barnes Road, Lorena, TX, 76655

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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.