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$4,959,830
Est. payment /mo
18.98 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 21399074
HOA Y/N None
Lot Size 18.975 Acres
Acres 18.975
Property Sub-Type Unimproved Land
Property Description
Vanguard Real Estate Advisors has been exclusively retained by Ownership to offer the opportunity to purchase a 18.975 acre multifamily development site located along Ritchie Road in the Waco, TX ETJ. The Site is accessible via Ritchie Road, Devonshire Road, and is less than 2 miles east of Interstate 35. Ownership has completed plans for a phase 1, 278 unit garden-style project on approximately 9.74 acres of the property that is fronting Ritchie Road. This would leave the remaining 9.24 acres for a phase 2 on which Ownership anticipates 280 units can be built. Additionally, as it relates to the phase 1 plans, Ownership had received an invitation letter for a HUD 221 (d)(4) loan in the past. Ownership has also had positive conversations in the past regarding a possible HFC execution on the Site.
Location
State TX
County Mclennan
Zoning Waco ETJ
Direction 31.4436, -97.21463
Exterior
Utilities Available City Water, Other
Garage No
Building
Lot Description Acreage
Schools
Elementary Schools Park Hill
Middle Schools Midway
High Schools Midway
School District Midway Isd
Others
Restrictions Unknown Encumbrance(s)
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Listed by Jordan Cortez • Vanguard Real Estsate Advisors
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Cory Smith
License ID: 0592001