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19739734
19739733

308 S College St, West, TX 76691

BM
TX 526291
Magnolia Realty
Listed by Magnolia Realty
$795,000
1109 days on market
Updated 50 days ago
Opportunity zone

1 acre IH 35 in West, Texas

Details
Property Type Land
Sub Type Commercial
Broker Co-Op Yes
Acreage 1.200
Zoning Commercial

Commercial property with NB IH 35 service road frontage just north of Waco, Texas

Marketing description

1.2 +/- acre lot on IH35 northbound frontage road, in a great location across from Slovacek's and close to Czech Stop. High traffic count (over 77k vehicles per day) and positioned well for retail, including fast food. New McDonald's and Starbucks nearby. The city of West is growing rapidly with several new residential developments underway. Property is located within the Heart of Texas Opportunity Zone. Incentives include a temporary tax deferral and a step-up in basis for capital gains reinvested in an Opportunity Zone Fund and a permanent exclusion from taxable income of capital gains from the sale or exchange of an investment in a qualified Opportunity Zone Fund if the investment is held for at least 10 years.

MCAD property IDs 202742, 202757, 202753, 202744. Broker has an ownership interest in property.

Listing Contacts

BM
TX 526291
Magnolia Realty
Listed by Magnolia Realty

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