Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Lot size
18.975 acres
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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
18.975
-
Lot Size(square feet)
826,551
-
Property Type
Land
-
Property Sub Type
Unimproved Land
Price
-
Sales Price
$4,959,830
-
Zoning
Waco ETJ
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Park Hill
-
Middle School
Midway
-
High School
Midway
Property Features
-
Water Source
Public
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Location
County
McLennan
Elementary School
Park Hill
Middle School
Midway
High School
Midway
Listing Courtesy of Jordan Cortez, Vanguard Real Estsate Advisors
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AGENT
Joe Boston
Call Joe today to schedule a private showing.
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