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Online Auction – University Area Residential Dev. Lot Auction
Description:

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

City:
Waco
State:
Texas
Country:
United States
Phone:
270-769-0284
Photos:
High Visibility/Traffic, 23,000 SF Building See Contact
Description:

Online Real Estate Auction

High Visibility/Traffic, 23,000 SF Building at FM2920 & Spring Cypress

Class A Corner Location – Commercial Building (including 5,500 SF Residence Loft) & Two Rental Homes with Income

The Seller is Retiring and highly motivated to sell!

• Approx. 23,000 SF +|- 2-Story Building Area on 26,565 SF +|- of Land (0.6098 AC) & 1,450 SF +|- SFR on 20,968 SF +|- of Land (0.4814 AC)
• Combined Land Area is 47,533 +|- SF (1.0912 AC)
• Located on a Corner Lot at the intersection of Spring Cypress Rd & Holzwarth Rd

1941 Spring Cypress Rd, Spring, TX 77388
• 2-Story Tiltwall Construction Building, 116’L x 100’W x 32’H, Built in 2003
• (2) Outdoor LED Marquis Signs Ð90"W x 40"H & 121"W x 60"H)
• First Floor Ceiling Height is 16’ and Second Floor Ceiling Height is 14’ to the North sloping to 12’ to the South
• (2) 15’H x 12’W Overhead Doors
• Second Floor has 3” Concrete Floor
• Second Floor Includes a 5,500 SF Residence w/ 4 Bedrooms and 4 Bathrooms. Fantastic Open Layout
• (3) Custom Teak Entry Doors (12’H x 8’W) w/ Exterior Smash Guard Pillar
• (48) 7’H x 4’W Energy Efficient Windows
• (39) Dual LED Lighting Units
• (13) Exterior Security Lights
• Closed Circuit Camera w/ Alarm System
• Undine Texas, LLC is the Water Provider
• Arobic Septic System w/ 289 GPD Capacity, 750 Gl Pump Tank, White Water DF60 500 Gl Tank
• 3/4” Water Line, 2” Gas Line
• 21 Underground Incoming Telephone Lines
• Underground Feed Electrical Service, 3-Phase, 60 Hrz 277/480 Max Load, 85 KVA, 200 Amp Service, Load Center 75 KVA Transformer w/ 42 CKT, HV Panel, Low Voltage 42 CKT
• Fiber is Available to the Building
• (2) Restrooms Downstairs
• (4) Roof Mounted AAON HVAC Units w/ 2-Stage Heating & Cooling, 3-Phase 460V
• Conventional Jack Cargo Elevator Infrastructure Only for 25HP 460V Unit w/ 5,000 Lb Capacity, Travel 18.0’ Speed 80FPM, 2 Landings, 2 Openings, Platform Size is 6’ x 9’ x 4.25’. Entrance Size is 3’ x 7’ w/ Machine Room of 6.5’ x 5.25’. A Clear Hoistway 7’ 4” x 10’ 2” w/ a 24” Casing at Depth of 26’ from Slab is in Place w/ 30” x 30” Blockout
• Approx. 178’ +|- Road Frontage on Spring Cypress Rd
• Approx. 315’ +|- Road Frontage on Holzwarth & Sleepy Hollow
• Wrought Iron Fence w/ (2) Curb Cuts & Gates Along Spring Cypress
• Zoning: None
• Topography: Grade Level
• Area Traffic Generators include HEB, McDonalds, Whataburger, Walgreens, Aldi, New Spring Pines Kroger Marketplace Anchored Development (Directly across the Street), Antique Galler of Houston
• ExxonMobil Campus is approx. 3.5 Miles Away.
• I-45 is Approx. 1 Mile East
• Spring Cypress Rd Traffic Count is 20,390
• FM 2920 Traffic Count is 39,000
• NOTE: The Property is Located in the Spring West Municipal Utility District and has the opportunity to be annexed into the MUD pending a Feasibility Study by the Mud. Utilities are in place at the corner of Spring Cypress and Holzwarth which is directly across the street. The utilities were brought in as part of the Spring Pines Shopping Center Project.


20823 Sleepy Hollow Ln, Spring, TX 77388
• 982 SF Brick SFR & 468 Wood SF SFR, Built in 1964
• Both Units are Leased for $900/Mo & $600/Mo Respectively
• Asphalt Drive
• Land area could add additional (72) Parking Spaces for the Main Building


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


Auction Date & Time:
Online Bidding Ends April 14th at 3:00pm ET

Preview Date & Time:
April 7th at 1:00pm

Property Address:
1941 Spring Cypress Road
Houston, Texas 77058

City:
Spring
State:
Texas
Country:
United States
Phone:
888-791-7307 ext. 88
Photos:
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