Online Auction – University Area Residential Dev. Lot

Listing was updated at: 12/18/2019
Property Overview
Price/Rent PSF Inquire
Asset Type Land
Trade Type Sale
Acres Available 0.19
Date Available 12/18/2019
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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. Utilities: 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. Tranzon Asset Advisors 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 Property Location: 1418 Speight Avenue Waco, Texas 76706 Contact Kelly Toney at 888-791-7307 ext. 88 or