516 INDIANA AVENUE, WACO, TX 76707
Homes for sale in Waco.
Homes for sale in 76707.
516 Indiana Avenue
Waco, TX 76707
List Price$45,064
No Property Photo Available
Listing #21263855
5,706
Square Feet
Lots / Land
Type
About This Property
Positioned in one of Waco's continually growing areas, this O-2 zoned lot presents an incredible opportunity for investors, builders, developers, or future homeowners looking to bring their vision to life. Conveniently located just minutes from Waco's bustling downtown, the property offers easy access to some of the city's most beloved destinations including Cameron Park, the Cameron Park Zoo, World Cup Café, D's Mediterranean, and countless local shops, restaurants, and entertainment options that continue to fuel the area's growth and appeal. The property's flexible O-2 zoning opens the door to a variety of potential uses, making it an attractive option for those seeking long-term investment potential or a future homesite in an increasingly desirable location. Adding even more value, the lot sits adjacent to another vacant corner lot, creating additional possibilities for expanded development, increased footprint potential, or enhanced privacy and usability depending on buyer goals and intended use. The lot itself offers a beautiful setting with mature trees surrounding portions of the property, creating a sense of privacy while still maintaining close proximity to city conveniences. Whether you envision building a personal residence, investment property, or exploring future development opportunities, this property offers a rare combination of location, flexibility, and potential.
Property Features
Location Information
County
McLennan
Subdivision
Chamberlin & Taylor
Interior Features
Has Fireplace
No
Exterior Features
Utilities
Electricity Available, Sewer Available, Water Available
Current Use
Vacant
Lot Description
Cleared, City Lot
Zoning
O-2
Lot Size in Acres
0.131
Is One Story
No
Lot Size in Sq. Ft.
5,706
Lot Description
Cleared, City Lot
School
Elementary School District
Waco ISD
Jr. High School
GW Carver
Elementary School
West Avenue
High School
Waco
Additional Information
Property Type
LL
Has a Home Owners Association
No
Property SubType
Unimproved Land
Tax Annual Amount
225.0
Status
Active
Lot Acres Source
Public Records
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Mortgage Calculator
$209
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$162
Monthly Tax
$37
Monthly Insurance
$10
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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