00 Ritchie Road
Lorena, Texas 76655
18.98Acres(Lot)
Vanguard Real Estate Advisors has been exclusively retained by Ownership to offer the opportunity to purchase a 18.975 acre multifamily development site located along Ritchie Road in the Waco, TX ETJ. The Site is accessible via Ritchie Road, Devonshire Road, and is less than 2 miles east of Interstate 35. Ownership has completed plans for a phase 1, 278 unit garden-style project on approximately 9.74 acres of the property that is fronting Ritchie Road. This would leave the remaining 9.24 acres for a phase 2 on which Ownership anticipates 280 units can be built. Additionally, as it relates to the phase 1 plans, Ownership had received an invitation letter for a HUD 221 (d)(4) loan in the past. Ownership has also had positive conversations in the past regarding a possible HFC execution on the
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Utilities
City Water,Other
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Lot Information
Lot Size (Acr): 18.9750 Lot Size Units: Acres Lot Size Square Feet: 826,551 Lot Features: Acreage -
Property Information
Property Type: Land Property Sub Type: Unimproved Land Subdivision: None City: Lorena State: Texas Directions: 31.4436, -97.21463 Property Status: Active
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Listing Price Information
Original List Price: $4,959,830 -
Listing Information
Possession: Closing/Funding
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Tax Information
Parcel Number: 413088
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Homeowners Association Information
HOA Type: None
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School Information
Elementary School: Park Hill Middle School: Midway High School: Midway School District: Midway ISD -
Utility Information
Utilities: City Water,Other
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| TBD Old Lorena Rd, Lorena, TX, 76655 | $150,000 | -- | -- | -- | 1.36 Acres(Lot) |
| 7031 Golinda Drive, Lorena, TX, 76655 | $365,000 | -- | -- | -- | 11.61 Acres(Lot) |
| FM 2643 Fm 2643, Lorena, TX, 76655 | $1,750,000 | -- | -- | -- | Acres (Lot)-- |
| 4864 S Hwy 77 Highway, Lorena, TX, 76655 | $799,900 | 3 | 2 | 2,615 | 21.02 Acres(Lot) |
| 5000 Cr 5000, Lorena, TX, 76655 | $179,000 | -- | -- | -- | 5.67 Acres(Lot) |
| TRACT 2 Cr 433, Lorena, TX, 76655 | $299,000 | -- | -- | -- | 11.50 Acres(Lot) |
| TRACT 1 Cr 433, Lorena, TX, 76655 | $299,000 | -- | -- | -- | 11.50 Acres(Lot) |
| TBD Queens Court, Lorena, TX, 76655 | $140,000 | -- | -- | -- | 1.31 Acres(Lot) |
| 421 Southwinds Drive, Lorena, TX, 76655 | $270,000 | -- | -- | -- | Acres (Lot)-- |
| 116 Yellow Rose Street, Lorena, TX, 76655 | $94,900 | -- | -- | -- | 1.25 Acres(Lot) |
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ByOwner last updated this listing 10/03/2026 @ 21:02
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