About Ritchie Road
Vanguard Real Estate Advisors has been exclusively retained by Ownership to offer the opportunity to purchase a 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.
Features of Ritchie Road
| MLS® # | 21399074 |
|---|---|
| Price | $4,959,830 |
| Acres | 18.98 |
| Type | Land |
| Sub-Type | Unimproved Land |
| Status | Active |
Community Information
| Address | Ritchie Road |
|---|---|
| Subdivision | None |
| City | Lorena |
| County | McLennan |
| State | Texas |
| Zip Code | 76655 |
Amenities
| Utilities | City Water, Other |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Acreage |
|---|
School Information
| District | Midway ISD |
|---|---|
| Elementary | Park Hill |
| Middle | Midway |
| High | Midway |
Additional Information
| Zoning | Waco ETJ |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jordan Cortez |
|---|---|
| Office | Vanguard Real Estsate Advisors |
| Contact Info | 214-556-1951 |
| Office Contact | 214-556-1951 |