Active

1401 W Drive

Waco TX, 76701

$110,000


Active

Commercial

*Prime Lot Opportunity near Downtown Waco - Approved Tiny Home Development - Plans Included*

Welcome to 1401 W Waco Drive, an exceptional opportunity to invest in a prime lot located in the heart of Waco, Texas. Situated near downtown, this lot enjoys proximity to downtown attractions, including shops, restaurants, and the Magnolia Silos. The seller has obtained approved plans for a Tiny Home development on this lot, pending payment. The total cost for the permit and impact fee to the city of Waco is $11,000.66. These plans offer an excellent opportunity for immediate development, with no expiration date in the current stage with the city. If the plans were paid for, they would have a 6-month shelf life to commence building, providing flexibility and convenience for the buyer. The seller has employed local Waco engineers, architects, designers, and general contractors to create and submit the plans, ensuring compliance with local regulations and standards. In addition to the approved building plans, the seller had TFNB, a local bank, analyze and approve the construction loan with a 20% down payment. Don't miss your chance to capitalize on this exceptional lot opportunity in Waco's thriving real estate market. Whether you're an investor, developer, or homeowner, this property offers endless potential for growth and success.

222401

MLS ID

April 24, 2024

Listed

November 5, 2024

Updated

Map

1401 W Drive
Waco TX, 76701

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.3 Acres


Exterior Features

None


Lot Features

Corner Lot


Sewer

Public Sewer

School Information

School District

Waco ISD


Elementary School

West Avenue

Other Property Details

Taxes

$1,764


Tax Frequency

Annually


Days on Market

196


Garage

No


View

No


County

McLennan


Water Source

Public


Pool

No


Zoning

C-2

Listing History

Date

Event

Price

11/5/2024

Price change

$110,000

-16%

8/13/2024

Price change

$130,000

-14%

7/18/2024

Price change

$150,000

-22%

 

Courtesy of White Label Realty

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor The Truss Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Waco Association of REALTORS. All rights reserved.

Data last updated 1:49 PM UTC, 11/5/2024

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