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% Buyers 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 ktoney@tranzon.com

Online Auction – Premier Residential (R-3) Development

PREMIER RESIDENTIAL (R-3) DEVELOPMENT
5.5+/- ACRES-UTILITIES IN PLACE
FLEXIBLE USES-SINGLE FAMILY/MULTI-FAMILY!!

• Luxury Townhome/Condominium Development on 5.5 +/- Acres
• Zoned R-3 (Multi-Family Residential)
• Wide Variety of Allowable Uses Include Single-Family, Multi-Family and Two-Family Dwellings
• PUD Designation Allows Developers Flexibility to Mix Dwelling Densities
• Conditional Uses Allowed are Assisted Living/Nursing Facilities, Recreational Facilities, Mini-Warehouses & More
• No Ownership Required for Occupancy Under HOA Rules & Regulations
• All Infrastructure Installed (All Underground Utilities)
• Property Located in City Limits
• Perfect Acquisition for Investor or Developer Looking for High Upside Potential
• Most Recent Condominium Sold for $220,000



Tranzon Asset Advisors, Edward D. Durnil, KY Auctioneer/Broker #P1734.
10% Buyers Premium and other terms apply



Online bidding ends June 11th at 3:00 pm
Previews: Drive by anytime


Property Address: 895 Woodlawn Road, Bardstown, Kentucky 40004


Contact Jordan Conlee at 888-791-7307 ext. 89 or jconlee@tranzon.com