Gurley Flyer.Indd
Total Page:16
File Type:pdf, Size:1020Kb
21ST STREET ANE L Y LE 10.4± ACRE SITE R U G LAND FOR SALE 2625 SOUTH 21ST STREET WACO, TEXAS 76706 PROPERTY SUMMARY DEMOGRAPHICS • 10.4± acre site in Waco, Texas. RADIUS 1 mile 3 mile 5 mile 10 mile • Zoned R-3C (Multi-Family Residence District). Owner will allow buyer time to rezone Population: property for alternate use. 2022 Projection 7,149 57,211 120,059 198,431 2017 Estimate 6,774 55,189 115,522 190,844 • Located within the City of Waco’s Enterprise Zone which provides incentives for economic 2010 Census 5,834 52,433 108,697 179,434 development. Growth 2017-2022 5.54% 3.66% 3.93% 3.98% Growth 2010-2017 16.11% 5.26% 6.28% 6.6% • Close proximity to Baylor University, Downtown Waco, famed Waco Circle, gentrifying La Salle Avenue, Valley Mills Drive and the Interstate 35 corridor. 2015 Population Hispanic Origin 2,753 22,564 42,661 55,270 2017 Population by Race: White 4,502 41,830 83,267 145,673 Black 1,937 9,84 26,005 34,938 Am. Indian & Alaskan 68 850 1,640 2,275 Asian 122 1,472 2,041 3,22 Hawaiian & Pacifi c Island 2 46 147 236 Other 142 1,147 2,420 3,901 U.S. Armed Forces 0 24 39 52 Households: 2022 Projection 2,651 19,598 43,165 73,958 2017 Estimate 2,520 18,866 41,466 71,034 2010 Census 2,227 17,947 38,981 66,702 Growth 2017 - 2022 5.20% 3.88% 4.10% 4.12% Growth 2010 - 2015 13.16% 5.12% 6.37% 6.49% Owner Occupied 828 7,684 19,716 38,738 Renter Occupied 1,693 11,182 21,750 32,296 2015 Avg Household Income $31,977 $42,486 $48,094 $59,416 2015 Med Household Income $22,401 $27,778 $34,276 $43,857 2015 Households by Household Inc: 10.4± ACRE SITE <$25,000 1,405 8,755 16062 21,878 $25,000 - $50,000 535 4,599 11,055 17,700 $50,000 - $75,000 351 2,516 6,887 13,217 $75,000 - $100,000 142 1,489 3,540 7,571 $100,000 - $125,000 46 593 1,636 4,329 $125,000 - $150,000 40 336 880 2,291 $150,000 - $200,000 0 328 679 1,947 $200,000+ 1 251 726 2,101 2625 SOUTH 21ST STREET, WACO, TEXAS 76706 FAMED WACO CIRCLE LASALLE AVENUE PRIMROSE DRIVE 10.4± ACRE SITE LANE GURLEY SOUTH WACO ELEMENTARY SCHOOL Bellmead LOCATION HIGHLIGHTS 340 ve • Less than 1.5 miles from Waco’s newest H-E-B plus! fl agship store M A a g n c in L located at Valley Mills Drive and I-35. This $20 million, 121,000-square rr rd A He ha r c t r foot store recently opened along with an adjacent 20,000 square h O u r foot retail center. D r N r DH 2 • Located 1.0 mile from Waco’s famed Circle. e i r 5 r l l t D t o cres h • Adjacent to the quaint Pierrard neighborhood which experiences h S 484 Lake Waco S Waco L t e a little turnover in home sales. ak k L e • 2.7 miles to Baylor University campus. A ir D • 2.8 miles to downtown Waco. vd r 77 Bl e • Adjacent to the City of Waco Transit Route 9 / South Terrace which qu 396 os services Baylor University, downtown Waco, H-E-B plus! Superstore 340 B ve r A and Waco’s largest outdoor retail center, Central Texas Marketplace. ge Beverly Hills an S • 1.4 miles to Dallas-based Leon Capital Group’s retail development which includes a 52,000-square foot Gander Mountain, Starbucks, r PotBelly, Bubba’s 33 and a 107-room Hilton Home2 Suites. Woodway d D lan r S 12th St Rd D New ial er p Jack Kultgen Fwy Im ENTERPRIZE ZONE OVERVIEW 77 • Located within the City of Waco’s Enterprise Zone allowing for incentives for economic development. d 35 l R • The State of Texas empowers local Economic Development pe ha Corporations (“EDC”) the authority to offer up to a 7-year abatement C Robinson Hewitt on property & personal property tax to incentivize new development that will generate signifi cant economic impact in their respective community. • For a potential development, the result could be an additional $500K+/- in retained annual cash fl ow for the fi rst 5 years; and an additional $200K+/-for the last 2 years of the 7-year term. • Projects located in a State Enterprise Zone qualify for a 7-year sales & use tax rebate. This rebate includes the sales tax generated from the purchase of construction materials – this could generate a $500,000+/-one time cash rebate from the State of Texas after construction is completed. • The subject property is located on the boundary of one the city’s Target Economic Development Areas. As a result the property is a strong candidate for an additional 3-year property-tax abatement (10-year total). 2625 SOUTH 21ST STREET, WACO, TEXAS 76706 WACO, TEXAS Waco has evolved into a unique and appealing place to live and do business because of its rich diversity, abundant natural resources, convenient location and numerous amenities; it has big city advantages without the big city hassles. You won’t find heavy traffic, long commutes, long lines, or a high cost of living. You can live in the country but have quick, easy access to downtown, I-35 and other major highways. The City of Waco is located in the heart of the Texas manufacturing and technology corridor on Interstate Highway 35, just 90 miles south of Dallas and 90 miles north of Austin. Waco has the resources, land, infrastructure, labor force, essential services, strategic partnerships and incentives for long term job and population growth and innovative commercial and industrial development. LOCATION Waco, the seat of McLennan County, Texas, is located 90 miles south of Dallas / Fort Worth, 90 miles north of Austin and 180 miles northwest of Houston. The Waco Metropolitan Statistical Area (MSA) covers 1,000 square miles, with the Waco corporate limits encompassing 105 square miles, including 12 square miles of water. HIGHER EDUCATION Waco has three institutions of higher education. • Baylor University, which was chartered by the Republic of Texas in 1845, is the largest Baptist institution in the world. Baylor enrolls more than 15,000 students in 146 baccalaureate programs. The school also offers 73 master’s degree programs, 22 doctoral programs, four new professional development programs, two education specialist programs, a juris doctorate program and master of divinity and doctor of ministry programs. In 2017, Baylor University’s Entrepreneurship Program ranked No. 5 in Entrepreneur magazine’s list “Top 25 Undergraduate Schools for Entrepreneurship Programs for 2017”. • McLennan Community College (MCC) offers academic programs to more than 9,000 students. MCC is a public, two-year community college offering one and two-year associate degrees and a variety of courses for transfer to a four-year institution. It also provides a wide range of workforce development training and continuing education courses. In addition, the school has partnerships with four-year state universities that offer bachelor’s and graduate degree programs on campus through the University Center at MCC. • At Texas State Technical College (TSTC), over 4,000 students are training in programs ranging in length from one to two years. There are nearly 100 Associate of Applied Science degrees or Certifi cate of Completion options available. The TSTC Corporate College, located on the Waco Campus, provides a direct link between students and industry through its custom- tailored training solutions to meet or exceed the needs of industry. 2625 SOUTH 21ST STREET, WACO, TEXAS 76706 CITY OF WACO TOP 10 EMPLOYERS CITY OF WACO OVERVIEW Company Industry Employees City of Waco Baylor University Education 2,746 City of Waco Government Council / Manager Providence Healthcare 2,311 Population - City of Waco 132,300 Waco ISD Education 2,290 Population - Waco MSA 234,906 Baylor Scott & White Medical Center Hillcrest Healthcare 1,970 Population - 50-mile radius 646,246 L-3 Communications Aerospace 1,850 Population - 100-mile radius 8,337,522 H-E-B Retail 1,500 Property / Income Information City of Waco Local Government 1,487 Average Home Value $172,900 Midway ISD Education 1,102 Average Household Income $55,768 Sanderson Farms Manufacturing 1,041 Economics & Business Wal-Mart Retail 1,015 Waco MSA Business 8,000+ Labor Force 123,479 (Mar-17) Unemployment Rate 4.3% (Mar-17) Transportation (Waco MSA) 3 (Waco Regional / TSTC / McGregor Airports Executive) 7 (I-35, US Highway 84 / US Highway 77 / Texas State Highway 6 / Texas State Highway Major Highways 31 / Texas State Highway 164 / Texas State Highway 164 / Texas State Highway 317) 3 Industrial (Union Pacifi c / Burlington Rail Northern / Santa Fe) 1 Passenger (Amtrak) 1 Local (Waco Transit) Bus Service 1 Countrywide (Greyhound) Motor Carriers 20 Higher Education Baylor University / McLennan Community Higher Education Institutions College (MCC) / Texas State Technical College (TSTC) Higher Education Total Employees 3,897 Students enrolled in higher education 31,000+ 2625 SOUTH 21ST STREET, WACO, TEXAS 76706 LAKE WACO E V I S DR L L I M Y E VALL FAMED WACO CIRCLE LA SALLE A VEN PRIMROSE D UE RIVE 10.4± ACRE SITE SOUTH WACO ELEMENTARY GU RL SCHOOL EY LANE Chris Stutzman Jeff Rogers Tracy Peyton 512.314.5203 512.314.5207 512.314.5212 901 South MoPac Expressway Building Four, Suite 250 [email protected] [email protected] [email protected] Austin, Texas 78746 512.328.5600.