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      TX, Salado 76571

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    $265,000
    For Sale

    Houston Street

    Lorena, TX 76655
    3.41 acres | #20880521
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    Type:Purchase
    Structure:Land
    Zone:Residential

    Description

    Shovel-ready commercial opportunity in one of the fastest growing pockets of the Texas Triangle. This 3.41-acre tract in Lorena comes with fully engineered and approved plans for a convenience store, gas station, and retail site, giving developers and operators a true head start. All utilities are stubbed and ready at the property line, including water, sewer, and electric, eliminating costly off-site extensions and reducing time to market. The engineered site plan includes a 4,000 sq ft building, five MPDs with ten fueling positions, completed grading and drainage, and a feasibility study already performed. The creek along the boundary falls outside the buildable footprint, ensuring a straightforward development path. Located just one mile from I-35, the property delivers over 1,200 feet of dual frontage on N Houston St and Old Lorena Road. Traffic counts at the intersection total 5,078 VPD, with frontage and turn traffic split nearly evenly. These volumes support regional C-store brands and continue to grow as residential development expands across Lorena and southern McLennan County. With a listing price of $265,000 ($77,712 per acre), this site offers an exceptional land basis relative to projected post development values of $450,000–$600,000. Year one financial projections show strong potential, including an estimated $1.37M in C-store sales, 713k gallons of fuel volume, and a $176,016 net profit. If you’re looking for a shovel-ready commercial pad with approvals in hand, utilities in place, and high-growth demand drivers, this Lorena site stands out as one of the strongest development opportunities in the area.

    • Property Details
        • Utility FeaturesElectricity Available, Sewer Available, Water Available
        • Property Subtype AdditionalUnimproved Land
        • Parcel Number300815000013000
        • Property SubtypeUnimprovedLand
        • Sewer InformationPublic Sewer
        • School DistrictLorena ISD
        • SubdivisionStewart J
        • Property TypePurchase
        • CountyMcLennan
        • MLS #20880521
        • Cost265000.0
        • MLS #20880521
        • Lot FeaturesAcreage
        • Lot DescriptionAcreage
        • Utility SourcePublic
        • Elementary SchoolLorena
        • Middle SchoolLorena
        • High SchoolLorena
        • Acres3.41
        • Taxes Annual$912
        • Days on Market (Cumulative)224

    Location

    Legal

    © 2023 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Dick Dallas Agency shall be responsible for any typographical errors, misinformation, or misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright

    Last Updated: Yesterday at 8:46 PM. Source: NTREIS

    Provided By
    Listing Agent: Gregory Windham (#0452498)
    Listing Office: Ranch Roads Realty (#RRDR00FW)

    Gregory WindhamBroker
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