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SWC Interstate Highway 35E & East Crestview Drive 6.3 Acres of Commercial Land Offered at $2,744,280 in Lacy-Lakeview, TX 76705
INVESTMENT HIGHLIGHTS
- TXDOT traffic counts indicate 90,000+ vehicles per day
- Site is adjacent to the dense residential area
- The population within a 10-mile radius in 2023 is nearly 175,000 people. The area surrounding the property has grown by over 14% since 2010.
- City utilities on site (6-inch water and 6-ich sewer lines)
- 10 Minutes from Downtown Waco
EXECUTIVE SUMMARY
Positioned along one of the most heavily traveled corridors in Central Texas and surrounded by accelerating economic growth, this site represents a high-value, high-visibility investment opportunity with long-term upside.
The combination of explosive regional development, major institutional investment, and flexible zoning makes this property a true Gold Mine investment for developers, investors, and end-users.
Property Overview
• The City of Waco has announced a $10B DATA CENTER is planned to be built just a 4-mile north of the subject property. The property is suitable for shopping centers, neighborhood stores, fast-food restaurants, gas stations, etc.
• Location: SWQ Interstate 35 & E. Crest Drive, Lacy Lakeview, TX
• Acreage: 6.3 Acres
• Zoning: C-1 Highway Commercial
• Visibility: Direct frontage along Interstate 35
• Traffic Counts: Over 97,000 vehicles per day on I-35
• Access: Immediate access to I-35, U.S. Route 77 Business, and Loop 340
• Conceptual Plan: Pad-site layout available for retail, QSR, hotel, industrial, or mixed-use development
The City of Lacy Lakeview has expressed openness to expanded uses, including industrial with outside storage, providing additional flexibility for developers.
Investment Highlights.
1. Explosive Regional Growth
A transformative $10 billion data center has been announced along IH-35N, located approximately 4 miles north of the Property. This single project is expected to drive massive demand for housing, retail, services, and supporting infrastructure.
2. Exceptional Visibility & Access
• Over 97,000 VPD on Interstate 35
• Direct frontage and signage opportunities
• Minutes from Downtown Waco and Baylor University
3. Strategic Central Texas Location
• 10 minutes to Downtown Waco
• 8 minutes to Baylor University (20,000+ students)
• Adjacent to Texas State Technical College (TSTC) and McLennan Community College
4. Strong Demographics
• Nearly 175,000 residents within a 10-mile radius (2023)
• 14% population growth since 2010
• Expanding workforce and student population
5. National Retail Presence
Surrounding national retailers include:
The Home Depot, Walmart Supercenter, Planet Fitness, Atwoods, Dollar General, Discount Tire, Starbucks, Chick-fil-A, Sonic, Whataburger, Wendy’s, IHOP, McDonald’s, Taco Bell, and many more.
Surrounding Area Economic Development:
The north Waco / Lacy Lakeview corridor is undergoing rapid transformation driven by institutional investment, residential expansion, and infrastructure upgrades. Key developments include:
Major Projects & Growth Drivers
• $10B Data Center planned along IH-35N (4 miles north)
• 200-unit luxury apartment complex under construction; currently 25% occupied
• TSTC $72 million program building underway on IH-35 northbound
• Former K-Mart redevelopment beginning renovations
• 92-lot subdivision by Woody Butler Construction (infrastructure complete; homes selling)
• 340-acre ranch-style HOA subdivision purchased for development (85 one-acre lots + larger tracts)
Infrastructure Investments
• $9.5 million city bond for infrastructure improvements
• $2.5 million bond for sewer system upgrades
• Completion of the Smith Street Pump Station, providing expanded water capacity and a second tie-in with the City of Waco
These improvements significantly enhance the development potential and long-term value of the Property.
Development Potential:
The Property’s zoning, location, and surrounding growth support a wide range of uses, including:
• Retail / QSR
• Hotel / Hospitality
• Industrial with outside storage
• Medical / Urgent Care
• Flex / Office
• Multifamily or Mixed-Use (subject to approvals)
• Pad-site subdivision
The conceptual site plan (attached) illustrates multiple pad configurations suitable for national retailers, service providers, or build-to-suit tenants.
Conclusion:
This 6.3-acre tract represents one of the most strategically positioned commercial development opportunities in the Waco metropolitan area. With unprecedented regional investment, strong demographics, and flexible zoning, the Property is ideally suited for developers and investors seeking long-term value in a high-growth corridor.
PROPERTY FACTS
1 LOT AVAILABLE
Lot 1F
| Price | $2,744,280 | Lot Size | 6.30 AC |
| Price Per AC | $435,600.00 |
| Price | $2,744,280 |
| Price Per AC | $435,600.00 |
| Lot Size | 6.30 AC |
commercial development opportunity in the rapidly expanding MSN, Waco, Texas. The Property consists of 6.3 acres of undeveloped commercial land strategically located at the southwest quadrant of E. Crest Drive and IH-35S—service Road in Lacy Lakeview
DESCRIPTION
The 6.3-acre parcel is located on the Southwest quadrant of Interstate Highway N, 35E East Crest Road in Lacy Lakeview, TX, Just a short distance north of the City of Waco, TX. The property may be subdivided into 2-3 acres parcels and sold separately. The property is adjacent to highway 35E southbound service road. and has excellent exposure and high visibility. a $72M training facility complex and commercial development under construction to the northeast of the subject property. Moreover, the subject property is adjacent to the residential communities. Valero/Circle K, Family Dollar, Bush’s Chicken, and Dairy Queen. There is also a private airport in close proximity on the east side of Highway 35. Easy Access to Hwy 35E, Close Proximity to Baylor University & TSTC, and Utilities available to the property. Highway Commercial Zoning, including office, retail, MF2, etc. The property is in a perfect location and suited for hotels, banks, shopping centers, restaurants, neighborhood stores, food stores, and gas stations. Development opportunity on Interstate 35, just south of E. Crest Dr (Exit 342A). Close proximity to the campus of Texas State Technical College and L-3 Communication Systems. Retail development nearby includes Valero/Circle K, Family Dollar, Bush’s Chicken, and Dairy Queen. This tract features frontage on the south-bound IH-35 service road and access via Avenue B.
Presented by
SWC Interstate Highway 35E & East Crestview Drive
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