Online Auction – University Area Residential Dev. Lot

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 Texas LLC TX Broker #9008058, Kelly D. Toney, TX Auctioneer #11818
10% Buyers Premium and other terms apply


Property #: TAA1936

Online Bidding ends January 23rd at 2:00pm CT

Preview Date & Time:
Drive by anytime

Property Location:
1418 Speight Avenue
Waco, Texas 76706

Contact Kelly Toney at 888-791-7307 ext. 88 or ktoney@tranzon.com

Online Real Estate Auction

NASA Parkway Freestanding Restaurant & Bar
Rare Freestanding Restaurant/Bar Opportunity adjacent to NASA Space Center.

The site was the former Victor’s Deli American Diner & Bar. Great location with high traffic counts located adjacent to McDonalds. Property has 2 kitchens, 2 bar areas and an abundance of interior space.

• Approx. 5,672 SF +|- Building Area on 36,503 SF +|- of Land (0.8384 AC)
• Freestanding Restaurant & Bar Including All Equipment
• Seating Capacity of 175+ inside building area
• 2 Distinct Kitchens
• Dual Grease Traps and Vent Hoods
• Large Double-Sided Pylon Sign in Front
• 164’ +|- Road Frontage on NASA Pkwy w/ (2) Curb Cuts
• 2019 Total Population (3 Miles): 68,957
• 2019 Average HH Income (3 Miles) $89,265
• 2019 Daytime Population (3 Miles): $80,548
• Traffic Count on NASA Pkwy: 40,624 VPN
• Traffic Count on Point Lookout Dr: 2,497 VPD
• Utilities: City of Houston
• Zoning: None
• Topography: Grade level
• Flood Hazard: 500 Year Flood Plain
• Parking Ratio: 10 Spaces/1,000 SF
• Cross Access w/ McDonalds

Area Traffic Generators include NASA, Space Center Houston, Methodist Health Systems, McDonalds, Starbucks, Kroger, Walgreens, Walmart, Budget Inn.


10% Buyers Premium and other terms apply.
Tranzon Asset Advisors of Texas, LLC #9008058, Kelly D. Toney, TX Auctioneer #11818
For more information, please contact Kelly Toney at 888-791-7307 ext. 88 or ktoney@tranzon.com
Sale in cooperation with ABC Realty Advisors, Broker Donnie Chang

Auction Date & Time:
Bidding Ends February 26th at 3:00pm ET

Preview Date & Time:
February 19th at 1:00pm

Property Address:
1425 NASA Parkway, #1
Houston, Texas 77058