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2224 S 2nd St
Waco, TX 76706
Student Housing Land · Land For Sale
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0.73 AC
Investment Highlights
- Shovel ready Student housing Town Homes project for 64 beds
- Walk-able distance to Baylor University
- All Utilities at site
- Student Housing Market : 96% occupancy for Fall 2021
- 15% Projected enrollment growth by 2024
- Fantastic opportunity to develop a student housing project next to Baylor University
Property Facts
| Property Type | Land | Total Lot Size | 0.73 AC |
| Property Subtype | Commercial | ||
| Zoning | Multi-Family | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.73 AC |
| Zoning | Multi-Family |
Description
Stafford Barrett is pleased to present this +/- 0.93 AC tract of development land. 2224 South Street is a +/- 0.93 Acre, shovel ready, 64 bed student housing development opportunity in Waco Texas. Located within walking distance to Baylor University, this is a great opportunity to develop student housing. With an ever-increasing graduate student population and the recent Men’s Basketball National Championship win, Baylor is experiencing tremendous growth. Baylor University enrollment is projected to grow by over 15% by the end of 2024, with a current occupancy rate of 96%. With site plans already in place, this is truly a great opportunity to take advantage of the expected growth of the university and surrounding market.
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