1418 Speight Avenue, Waco, TX 76706 - McLennan County

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 HGTVs Fixer Upper show featuring Chip & Joanna Gaines, their Magnolia Market Silos project now attracts over 2,000,000 visitors a year.

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