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University Area Res, Dev, Lot

1418 Speight Avenue : Waco, TX 76706

McLennan County, Texas

0.19 Acre
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University Area Res, Dev, Lot : Waco : McLennan County : Texas

Land Description

Online Auction - University Area Residential Dev. Lot

Online Real Estate Auction

University District Development Lot

Development Opportunity. 8,450 +/- SF Lot Blocks from the University of Baylor.

The site is zoned R-2 for Two-Family and Attached Single-Family Residential and lies within the Zone 1 College & University Neighborhood District. The zoning and district allow for Short Term Rental (aka AirBnB or Vrbo) as well as a Boarding House (aka Student Room Rentals). Conveniently located within blocks of I-35 and Baylor University. Although the Lot is zoned R-2, a developer can apply for a variance with the City of Waco for additional development opportunities. Note that R3b, R3c, R3D & R3E Multiple Family District zoning allows for Boarding House with maximum of 8 bedrooms so a variance may be requested with the City of Waco.

Approx. 8,450 +/- SF of land

1/2 Mile from Baylor University

.15 Miles from I-35 Feeder

Approx. 2 Miles from Magnolia Market Silos

Dimensions: 50' x 169'

Zoning: R-2 - Permitted Uses

Single-Family Dwelling

Single-Family Attached (zero lot line) Dwellings

Two-Family Dwellings, Duplexes

Bed & Breakfast Homestay Establishment

Short Term Rental Type I - Owner Occupied

Short Term Rental Type II - Non-Owner Occupied, Single-Family or Duplex

Boarding House Provided that the boarding house contains a maximum of 6 bedrooms & not more than 1 boarding house structure is located on the lot.


City Water & Sewer

Flood Hazard: None

50' +/- along Speight Ave

50' +/- along Alley

Waco, TX, located halfway between Dallas and Austin, is home to Baylor University, Texas Ranger Hall of Fame & Museum and Texas Sports Hall of Fame. Due to the popularity of Hgtv's Fixer Upper show featuring Chip & Joanna Gaines, their Magnolia Market Silo's project now attracts over 2,000,000 visitors a year.

Texas LLC TX Broker 9008058, Kelly D. Toney, TX Auctioneer 11818

10% Buyer's Premium and other terms apply

Property : Taa1936

Online Bidding ends January 23rd at 2:00Pm Ct

Preview Date & Time:

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Property Location:

1418 Speight Avenue

Waco, Texas 76706

Land features, descriptions, details, directions, sales history, photos, maps, boundaries and files are deemed reliable and provided "as is" without guarantee, warranty, representation, expressed or implied by AUCTIONFLIP or its advertisers, and is subject to errors, omissions, sale or withdrawal. Contact the seller directly regarding this listing.