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.
| Listing Id: | 21399074 |
|---|---|
| List Price: | $4,959,830 |
| Property Type: | Land |
| Property Sub Type: | Unimproved Land |
| Status: | Active |
| Lot Size Square Feet: | 826,551.0000 |
| Lot Size Acres: | 18.975 |
| Waterfront?: | No |
| City: | Lorena |
| County Or Parish: | Mclennan |
| Postal Code: | 76655 |
| AG Exemption?: | Yes |
| Association Type: | None |
| Basement Yn: | No |
| Development Status: | Other |
| Directions: | 31.4436, -97.21463 |
| Easements: | Other |
| Elementary School: | Park Hill |
| Elementary School Name: | Park Hill |
| High School Name: | Midway |
| Lot Features: | Acreage |
| Lot Size: | 10 to < 50 Acres |
| Lot Size Area: | 18.9750 |
| Lot Size Units: | Acres |
| Middle School Name: | Midway |
| Multi Parcel ID: | No |
| Municipal Utility District?: | No |
| Possession: | Closing/Funding |
| Restrictions: | Unknown Encumbrance(s) |
| School District: | Midway ISD |
| Utilities: | City Water, Other |
| Will Subdivide: | No |
| Zoning Description: | Waco ETJ |
Listing Courtesy of: Vanguard Real Estsate Advisors
Listing Agent: Jordan Cortez
214-556-1951
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North Texas Real Estate Information Systems, Inc. data last updated on October 08, 2026 06:37 PM - CT
Property Last Updated: October 08, 2026 06:37 PM - CT
