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$4,959,830
18.98± Acres
Active
McLennan County, TX
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Ritchie Road, Lorena, Texas

MLS ID: 21399074
Status: Active
Price: $4,959,830
Acres: 18.98±
Type: Unimproved, Land
Address: Ritchie Road
City, State: Lorena, TX
County: McLennan County
ZIP Code: 76655
Lat/Long: 31.444499, -97.212034
Parcel Number: 413088

Description

18.975 acre multifamily development site located along Ritchie Road in the Waco, TX ETJ. The Site is accessible via Ritchie Road, Devonshire Road, and is less than 2 miles east of Interstate 35. Ownership has completed plans for a phase 1, 278 unit garden-style project on approximately 9.74 acres of the property that is fronting Ritchie Road. This would leave the remaining 9.24 acres for a phase 2 on which Ownership anticipates 280 units can be built. Additionally, as it relates to the phase 1 plans, Ownership had received an invitation letter for a HUD 221 (d)(4) loan in the past. Ownership has also had positive conversations in the past regarding a possible HFC execution on the Site.

Directions: 31.4436, -97.21463

Additional Information

Exterior

Lot Features: Acreage
Lot Size Area: 19
Lot Size Square Feet: 826,551
Lot Size Units: Acres
Water Source: Public

Financial/HOA/Schools

Elementary School: Park Hill
Elementary School District: Midway ISD
Middle School: Midway
Middle School District: Midway ISD
High School: Midway
High School District: Midway ISD
Zoning Description: Waco ETJ

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Everette Newland

Everette Newland

Denton, Texas

(940) 390-3410

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All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of November 14, 2026 at 12:06:53 AM UTC.

You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. This data was last updated on: November 14, 2026 at 12:06:53 AM UTC. Copyright 2026 North Texas Real Estate Information Systems, Inc. Listings marked with the NTREIS logo are provided courtesy of the North Texas Real Estate Information Systems, Inc. Internet Data Exchange.

Listed By: Jordan Cortez of Vanguard Real Estate Advisors

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