516 INDIANA AVENUE, WACO, TX 76707

Homes for sale in Waco.

Homes for sale in 76707.


516 Indiana Avenue

Waco, TX 76707

Active

List Price$45,064

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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