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 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:
Drive by anytime
1418 Speight Avenue
Waco, Texas 76706