Online Auction – University Area Residential Dev. Lot Waco, TX

Property Location MAP

1418 Speight Avenue
Waco, TX 76706

Property #: TAA2000

Contact Agent

Kelly Toney, CAI
Tranzon Asset Advisors

713-816-1123 ktoney@tranzon.com

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Online Real Estate Auction 

University District Development Lot 

Development Opportunity! 8,450 +/- SF Lot Blocks from the University of Baylor.

The site is zoned R-2 for Two-Family and Attached Single-Family Residential and lies within the Zone 1 College & University Neighborhood District. The zoning and district allow for SHORT TERM RENTAL (aka AirBnB or VRBO) as well as a BOARDING HOUSE (aka Student Room Rentals). Conveniently located within blocks of I-35 and Baylor University. Although the Lot is zoned R-2, a developer can apply for a variance with the City of Waco for additional development opportunities. Note that R3B, R3C, R3D & R3E Multiple Family District zoning allows for Boarding House with maximum of 8 bedrooms so a variance may be requested with the City of Waco.

  • Approx. 8,450 +/- SF of land
  • 1/2 Mile from Baylor University
  • .15 Miles from I-35 Feeder
  • Approx. 2 Miles from Magnolia Market Silos
  • Dimensions: 50’ x 169’
  • Zoning: R-2 – Permitted Uses
    • Single-Family Dwelling
    • Single-Family Attached (zero lot line) Dwellings
    • Two-Family Dwellings, Duplexes
    • Bed & Breakfast Homestay Establishment
    • Short Term Rental Type I – Owner Occupied
    • Short Term Rental Type II – Non-Owner Occupied, Single-Family or Duplex
    • Boarding House Provided that the boarding house contains a maximum of 6 bedrooms & not more than 1 boarding house structure is located on the lot.
  • Utilities:
    • City Water & Sewer
  • Flood Hazard: None
  • 50’ +/- along Speight Ave
  • 50’ +/- along Alley
  • Waco, TX, located halfway between Dallas and Austin, is home to Baylor University, Texas Ranger Hall of Fame & Museum and Texas Sports Hall of Fame. Due to the popularity of HGTV’s Fixer Upper show featuring Chip & Joanna Gaines, their Magnolia Market Silo’s project now attracts over 2,000,000 visitors a year.

Tranzon Asset Advisors of Texas LLC #9008058, Kelly D. Toney, TX Auctioneer #11818

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Kelly Toney, CAI

Kelly Toney, CAI: Tranzon Asset Advisors

713-816-1123 ktoney@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

  • Buyer's Premium: 10% Buyers Premium based on the high bid.
  • Closing: 30-Day closing, sold in As-Is, Where-Is condition, no contingencies.
  • Deposit Amount: 10% deposit of the Total Sale Price in guaranteed funds.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

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