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GURLEY LANE 21ST STREET LAND FOR SALE 2625 SOUTH 21ST STREET WACO, TEXAS 76706 10.4± ACRE SITE
GURLEY LANE
21ST STREET
LAND FOR SALE
2625 SOUTH 21ST STREETWACO, TEXAS 76706
10.4± ACRE SITE
PROPERTY SUMMARY
• 10.4± acre site in Waco, Texas.
• Zoned R-3C (Multi-Family Residence District). Owner will allow buyer time to rezone property for alternate use.
• Located within the City of Waco’s Enterprise Zone which provides incentives for economic development.
• Close proximity to Baylor University, Downtown Waco, famed Waco Circle, gentrifying La Salle Avenue, Valley Mills Drive and the Interstate 35 corridor.
RADIUS 1 mile 3 mile 5 mile 10 mile
Population:
2022 Projection 7,149 57,211 120,059 198,431
2017 Estimate 6,774 55,189 115,522 190,844
2010 Census 5,834 52,433 108,697 179,434
Growth 2017-2022 5.54% 3.66% 3.93% 3.98%
Growth 2010-2017 16.11% 5.26% 6.28% 6.6%
2015 Population Hispanic Origin 2,753 22,564 42,661 55,270
2017 Population by Race:
White 4,502 41,830 83,267 145,673
Black 1,937 9,84 26,005 34,938
Am. Indian & Alaskan 68 850 1,640 2,275
Asian 122 1,472 2,041 3,22
Hawaiian & Pacifi c Island 2 46 147 236
Other 142 1,147 2,420 3,901
U.S. Armed Forces 0 24 39 52
Households:
2022 Projection 2,651 19,598 43,165 73,958
2017 Estimate 2,520 18,866 41,466 71,034
2010 Census 2,227 17,947 38,981 66,702
Growth 2017 - 2022 5.20% 3.88% 4.10% 4.12%
Growth 2010 - 2015 13.16% 5.12% 6.37% 6.49%
Owner Occupied 828 7,684 19,716 38,738
Renter Occupied 1,693 11,182 21,750 32,296
2015 Avg Household Income $31,977 $42,486 $48,094 $59,416
2015 Med Household Income $22,401 $27,778 $34,276 $43,857
2015 Households by Household Inc:
<$25,000 1,405 8,755 16062 21,878
$25,000 - $50,000 535 4,599 11,055 17,700
$50,000 - $75,000 351 2,516 6,887 13,217
$75,000 - $100,000 142 1,489 3,540 7,571
$100,000 - $125,000 46 593 1,636 4,329
$125,000 - $150,000 40 336 880 2,291
$150,000 - $200,000 0 328 679 1,947
$200,000+ 1 251 726 2,101
DEMOGRAPHICS
2625 SOUTH 21ST STREET, WACO, TEXAS 76706
10.4± ACRE SITE
GURLEY LANE
SOUTH WACOELEMENTARY
SCHOOL
LASALLE AVENUE
PRIMROSE DRIVEFAMED WACO CIRCLE
10.4± ACRE SITE
77
77
35
484
396
340
340
Hewitt
Woodway
Beverly Hills
Lake
Wac
o
Bellmead
Robinson
Waco
Jack
Kul
tgen
Fwy
S 12th St Rd
Lak e Sho
re Dr
Bosque Blvd
Imperial Dr
Chapel Rd
Sa
nger Ave
Lake Air DrM
ac Arthur DrHil lcrest Dr
N 25th St
Herrin
g
Ave
Newland Dr
Orchard Ln
LOCATION HIGHLIGHTS
• Less than 1.5 miles from Waco’s newest H-E-B plus! fl agship store located at Valley Mills Drive and I-35. This $20 million, 121,000-square foot store recently opened along with an adjacent 20,000 square foot retail center.
• Located 1.0 mile from Waco’s famed Circle.• Adjacent to the quaint Pierrard neighborhood which experiences
little turnover in home sales.• 2.7 miles to Baylor University campus.• 2.8 miles to downtown Waco.• Adjacent to the City of Waco Transit Route 9 / South Terrace which
services Baylor University, downtown Waco, H-E-B plus! Superstore and Waco’s largest outdoor retail center, Central Texas Marketplace.
• 1.4 miles to Dallas-based Leon Capital Group’s retail development which includes a 52,000-square foot Gander Mountain, Starbucks, PotBelly, Bubba’s 33 and a 107-room Hilton Home2 Suites.
ENTERPRIZE ZONE OVERVIEW
• Located within the City of Waco’s Enterprise Zone allowing for incentives for economic development.
• The State of Texas empowers local Economic Development Corporations (“EDC”) the authority to offer up to a 7-year abatement on property & personal property tax to incentivize new development that will generate signifi cant economic impact in their respective community.
• For a potential development, the result could be an additional $500K+/- in retained annual cash fl ow for the fi rst 5 years; and an additional $200K+/-for the last 2 years of the 7-year term.
• Projects located in a State Enterprise Zone qualify for a 7-year sales & use tax rebate. This rebate includes the sales tax generated from the purchase of construction materials – this could generate a $500,000+/-one time cash rebate from the State of Texas after construction is completed.
• The subject property is located on the boundary of one the city’s Target Economic Development Areas. As a result the property is a strong candidate for an additional 3-year property-tax abatement (10-year total).
2625 SOUTH 21ST STREET, WACO, TEXAS 76706
Waco has evolved into a unique and appealing place to live and do business because of its rich diversity, abundant natural resources, convenient location and numerous amenities; it has big city advantages without the big city hassles. You won’t find heavy traffic, long commutes, long lines, or a high cost of living. You can live in the country but have quick, easy access to downtown, I-35 and other major highways. The City of Waco is located in the heart of the Texas manufacturing and technology corridor on Interstate Highway 35, just 90 miles south of Dallas and 90 miles north of Austin. Waco has the resources, land, infrastructure, labor force, essential services, strategic partnerships and incentives for long term job and population growth and innovative commercial and industrial development.
LOCATION
Waco, the seat of McLennan County, Texas, is located 90 miles south of Dallas / Fort Worth, 90 miles north of Austin and 180 miles northwest of Houston. The Waco Metropolitan Statistical Area (MSA) covers 1,000 square miles, with the Waco corporate limits encompassing 105 square miles, including 12 square miles of water.
HIGHER EDUCATION
Waco has three institutions of higher education.
• Baylor University, which was chartered by the Republic of Texas in 1845, is the largest Baptist institution in the world. Baylor enrolls more than 15,000 students in 146 baccalaureate programs. The school also offers 73 master’s degree programs, 22 doctoral programs, four new professional development programs, two education specialist programs, a juris doctorate program and master of divinity and doctor of ministry programs. In 2017, Baylor University’s Entrepreneurship Program ranked No. 5 in Entrepreneur magazine’s list “Top 25 Undergraduate Schools for Entrepreneurship Programs for 2017”.
• McLennan Community College (MCC) offers academic programs to more than 9,000 students. MCC is a public, two-year community college offering one and two-year associate degrees and a variety of courses for transfer to a four-year institution. It also provides a wide range of workforce development training and continuing education courses. In addition, the school has partnerships with four-year state universities that offer bachelor’s and graduate degree programs on campus through the University Center at MCC.
• At Texas State Technical College (TSTC), over 4,000 students are training in programs ranging in length from one to two years. There are nearly 100 Associate of Applied Science degrees or Certifi cate of Completion options available. The TSTC Corporate College, located on the Waco Campus, provides a direct link between students and industry through its custom-tailored training solutions to meet or exceed the needs of industry.
WACO, TEXAS
2625 SOUTH 21ST STREET, WACO, TEXAS 76706
CITY OF WACO TOP 10 EMPLOYERS
Company Industry Employees
Baylor University Education 2,746
Providence Healthcare 2,311
Waco ISD Education 2,290
Baylor Scott & White Medical Center Hillcrest Healthcare 1,970
L-3 Communications Aerospace 1,850
H-E-B Retail 1,500
City of Waco Local Government 1,487
Midway ISD Education 1,102
Sanderson Farms Manufacturing 1,041
Wal-Mart Retail 1,015
CITY OF WACO OVERVIEW
City of Waco
City of Waco Government Council / Manager
Population - City of Waco 132,300
Population - Waco MSA 234,906
Population - 50-mile radius 646,246
Population - 100-mile radius 8,337,522
Property / Income Information
Average Home Value $172,900
Average Household Income $55,768
Economics & Business
Waco MSA Business 8,000+
Labor Force 123,479 (Mar-17)
Unemployment Rate 4.3% (Mar-17)
Transportation (Waco MSA)
Airports 3 (Waco Regional / TSTC / McGregor Executive)
Major Highways
7 (I-35, US Highway 84 / US Highway 77 / Texas State Highway 6 / Texas State Highway 31 / Texas State Highway 164 / Texas State Highway 164 / Texas State Highway 317)
Rail3 Industrial (Union Pacifi c / Burlington Northern / Santa Fe)1 Passenger (Amtrak)
Bus Service 1 Local (Waco Transit)1 Countrywide (Greyhound)
Motor Carriers 20
Higher Education
Higher Education InstitutionsBaylor University / McLennan Community College (MCC) / Texas State Technical College (TSTC)
Higher Education Total Employees 3,897
Students enrolled in higher education 31,000+
2625 SOUTH 21ST STREET, WACO, TEXAS 76706
GURLEY LANE
VALL
EY M
ILLS
DRI
VE
LAKE WACO
FAMED WACO CIRCLE
SOUTH WACOELEMENTARY
SCHOOL
LASALLE AVENUEPRIMROSE DRIVE
Chris [email protected]
Jeff [email protected]
Tracy [email protected]
901 South MoPac ExpresswayBuilding Four, Suite 250
Austin, Texas 78746512.328.5600
10.4± ACRE SITE
