BCRA is pleased to present a premier commercial development opportunity in the rapidly expanding Waco, Texas metropolitan area. The Property consists of 6.3 acres of undeveloped commercial land strategically located at the southwest corner of Interstate 35 and Meyers Lane in Lacy Lakeview, TX.
Positioned along one of the most heavily traveled corridors in Central Texas and surrounded by accelerating economic growth, this site represents a high-value, high-visibility investment opportunity with long-term upside.
The combination of explosive regional development, major institutional investment, and flexible zoning makes this property a true Gold Mine investment for developers, investors, and end-users.
Property Overview
• The City of Waco has announced a $10B DATA CENTER is planned to be built just a 4-mile north of the subject property. The property is suitable for shopping centers, neighborhood stores, fast-food restaurants, gas stations, etc.
• Location: SWQ Interstate 35 & E. Crest Drive, Lacy Lakeview, TX
• Acreage: 6.3 Acres
• Zoning: C-1 Highway Commercial
• Visibility: Direct frontage along Interstate 35
• Traffic Counts: Over 97,000 vehicles per day on I-35
• Access: Immediate access to I-35, U.S. Route 77 Business, and Loop 340
• Conceptual Plan: Pad-site layout available for retail, QSR, hotel, industrial, or mixed-use development
The City of Lacy Lakeview has expressed openness to expanded uses, including industrial with outside storage, providing additional flexibility for developers.
Investment Highlights.
1. Explosive Regional Growth
A transformative $10 billion data center has been announced along IH-35N, located approximately 4 miles north of the Property. This single project is expected to drive massive demand for housing, retail, services, and supporting infrastructure.
2. Exceptional Visibility & Access
• Over 97,000 VPD on Interstate 35
• Direct frontage and signage opportunities
• Minutes from Downtown Waco and Baylor University
3. Strategic Central Texas Location
• 10 minutes to Downtown Waco
• 8 minutes to Baylor University (20,000+ students)
• Adjacent to Texas State Technical College (TSTC) and McLennan Community College
4. Strong Demographics
• Nearly 175,000 residents within a 10-mile radius (2023)
• 14% population growth since 2010
• Expanding workforce and student population
5. National Retail Presence
Surrounding national retailers include:
The Home Depot, Walmart Supercenter, Planet Fitness, Atwoods, Dollar General, Discount Tire, Starbucks, Chick-fil-A, Sonic, Whataburger, Wendy’s, IHOP, McDonald’s, Taco Bell, and many more.
Surrounding Area Economic Development:
The north Waco / Lacy Lakeview corridor is undergoing rapid transformation driven by institutional investment, residential expansion, and infrastructure upgrades. Key developments include:
Major Projects & Growth Drivers
• $10B Data Center planned along IH-35N (4 miles north)
• 200-unit luxury apartment complex under construction; currently 25% occupied
• TSTC $72 million program building underway on IH-35 northbound
• Former K-Mart redevelopment beginning renovations
• 92-lot subdivision by Woody Butler Construction (infrastructure complete; homes selling)
• 340-acre ranch-style HOA subdivision purchased for development (85 one-acre lots + larger tracts)
Infrastructure Investments
• $9.5 million city bond for infrastructure improvements
• $2.5 million bond for sewer system upgrades
• Completion of the Smith Street Pump Station, providing expanded water capacity and a second tie-in with the City of Waco
These improvements significantly enhance the development potential and long-term value of the Property.
Development Potential:
The Property’s zoning, location, and surrounding growth support a wide range of uses, including:
• Retail / QSR
• Hotel / Hospitality
• Industrial with outside storage
• Medical / Urgent Care
• Flex / Office
• Multifamily or Mixed-Use (subject to approvals)
• Pad-site subdivision
The conceptual site plan (attached) illustrates multiple pad configurations suitable for national retailers, service providers, or build-to-suit tenants.
Conclusion:
This 6.3-acre tract represents one of the most strategically positioned commercial development opportunities in the Waco metropolitan area. With unprecedented regional investment, strong demographics, and flexible zoning, the Property is ideally suited for developers and investors seeking long-term value in a high-growth corridor.