1401 Lake Shore Dr, Waco, TX 76708 For Sale

Prime MF Development Opportunity at 1401 Lake Shore Dr., Waco, TX | Possible Seller Financing Available

Seller Financing terms are TBD and at seller discretion. This prime 30-acre undeveloped site, located at 1401 Lake Shore Dr. in Waco, Texas, is now available for sale. With approximately 1,560 feet of frontage on Lake Shore Drive and a lot depth of around 840 feet, the flat, cleared, and cultivated land provides an excellent foundation for various development projects. The site's current O-2 zoning classification allows for a mix of multifamily and single-family residences, apartment hotels, outdoor recreational facilities, and neighborhood retail centers, offering developers a range of possibilities to cater to the growing community.

Situated within Waco’s Tax Increment Finance Zone #3, the property benefits from potential incentives for public improvements, utilities, affordable housing, and more. Accessibility is enhanced by its proximity to significant amenities, including Camp Fimfo Resort, Hawaiian Falls Water Park, Riverbend Ballpark Complex, McLennan Community College and the Waco Regional Tennis & Fitness Center. Additionally, public transportation provided by the City of Waco Transit system ensures connectivity throughout the city. The location within the Waco Independent School District further enhances its appeal for family-oriented developments. This site represents a strategic investment and development opportunity in a rapidly developing region.

“RIVERWAY” Development:

The Riverway project is a massive development project that is set to transform the Lake Shore area. This project is reported to include residential areas, public parks, walking trails, a marina, and commercial and retail spaces. The site consits of approximately 521 acres of mixed-use residential, commercial and multifamily as well as public parks, walking trails, and a marina. Preliminary information shows that the development will consist of approximately 1900 homes, 22 acres of commercial space, 170-slop marina, 160 acres of walking trails, a man-made beach, shops and restaurants. Riverway is poised to become a vibrant center of activity for the Waco community.