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Tbd Iron Bridge Road, Lorena, TX 76655

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For Sale

$2,585,020

129.25 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • 129.3 acres
    Lot size

Explore this Property

This 129.251-acre ag exempt tract off Iron Bridge Road in McLennan County presents a rare and strategic investment opportunity for developers or land investors seeking immediate or future subdividing potential. Located just minutes from Lorena and 20 minutes from Waco with convenient I-35 access, it combines rural tranquility with commuter appeal. The property is approximately 1 hour and 30 minutes from both Fort Worth and Austin, and about 2 hours and 30 minutes from Houston. The land s topography supports premium lot layouts with extensive road frontage (1570 ft.+), gently rolling hills and flat land surfaces, 2 stock tanks, and panoramic 360-degree views making this one ideal for creating beautiful homesites and increasing marketability per subdivided tract. The existing ag exemption keeps holding costs low while planning or phasing development. Power is accessible through Oncor and three water meters have already been reserved and paid for through Levi Water Supply, enhancing feasibility for multiple homesites. Property lies in both Robinson ISD & Lorena ISD. Demand for 5 10 acre ranchette tracts is strong in Central Texas, driven by Waco s continued growth and buyers seeking private homesteads with accessibility. The restrictive covenants permit the property to be divided into tracts of 4 acres or larger, creating flexible exit strategies such as developing and selling individual ranchette tracts for a strong return on investment. You can hold the land for cattle operations while completing platting and engineering, and or even offer owner-financing options to enhance yield and remain competitive in the market. This is a turnkey land banking and development opportunity perfectly positioned for a phased ranchette community or exclusive estate development in a fast-growing corridor. Call today to secure this prime investment asset!
MLS# 20983617

Courtesy Of Jackson Ranch & Realty LLC, Listed By Brittany Jackson

(254) 652-4625

Property Features

  • Architecture Style
    Other
  • Lot Size
    129.25 Acres

Map and Directions

Directions to Tbd Iron Bridge Road, Lorena, TX 76655

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CENTURY 21 Judge Fite Company

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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