00 Ritchie Rd, Lorena, TX 76655
- $4,959,830
- List Price
- $4,959,830
- MLS#
- 21399074
- Status
- ACTIVE
- Type
- Land
- Subtype
- Land
- Acres
- 18.98
- County
- Mclennan
- City
- Lorena
Property Description
18.975 acre multifamily development site located along Ritchie Road in the Waco, TX ETJ. The Site is accessible via Ritchie Road, Devonshire Road, and is less than 2 miles east of Interstate 35. Ownership has completed plans for a phase 1, 278 unit garden-style project on approximately 9.74 acres of the property that is fronting Ritchie Road. This would leave the remaining 9.24 acres for a phase 2 on which Ownership anticipates 280 units can be built. Additionally, as it relates to the phase 1 plans, Ownership had received an invitation letter for a HUD 221 (d)(4) loan in the past. Ownership has also had positive conversations in the past regarding a possible HFC execution on the Site.
Additional Information
- Lot Size
- 826,551
- Acres
- 18.98
- School District
- Midway Isd
- Elementary School
- Park Hill
- Middle School
- Midway
- High School
- Midway
- Possession
- CloseOfEscrow
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Listing courtesy of Jordan Cortez from Vanguard Real Estsate Advisors. Contact: 214-556-1951
Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
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