Map
Listed price in listed location currency (USD).
$4,959,830

000

MLS® 21399074

Overview

Key Facts

Type Unimproved Land
Levels Land
Size -
Garage 
Taxes 
Days Active 2
Lot Size 18.975 Acres
Approx. Age 
MLS® Number 21399074

Property Address: 00 Ritchie Rd, Lorena, TX, 76655

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number21399074
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Map

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