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516 Indiana Avenue

Waco, TX 76707

$34,236

Land · 0.13 ac · $261K/ac

Acres0.131 acres
Price per acre$261,344 / acre
ZoningO-2
WaterCity Water
SewerCity Sewer
ElectricElectricity Available
TypeUnimproved Land

What it costs to own

Taxes$225 per year
MUDNone listed
HOANone listed
Price per acre$261,344

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

Positioned in one of Waco’s continually growing areas, this O-2 zoned lot presents an incredible opportunity for investors, builders, developers, or future homeowners looking to bring their vision to life. Conveniently located just minutes from Waco’s bustling downtown, the property offers easy access to some of the city’s most beloved destinations including Cameron Park, the Cameron Park Zoo, World Cup Café, D’s Mediterranean, and countless local shops, restaurants, and entertainment options that continue to fuel the area’s growth and appeal. The property’s flexible O-2 zoning opens the door to a variety of potential uses, making it an attractive option for those seeking long-term investment potential or a future homesite in an increasingly desirable location. Adding even more value, the lot sits adjacent to another vacant corner lot, creating additional possibilities for expanded development, increased footprint potential, or enhanced privacy and usability depending on buyer goals and intended use. The lot itself offers a beautiful setting with mature trees surrounding portions of the property, creating a sense of privacy while still maintaining close proximity to city conveniences. Whether you envision building a personal residence, investment property, or exploring future development opportunities, this property offers a rare combination of location, flexibility, and potential.

The details

Lot featuresCleared
Water sourceCity Water
SewerCity Sewer
ElectricElectricity Available

ZoningO-2
RestrictionsNo Known Restriction(s)
EasementsAccess

Mineral rights aren't stated in this listing — verify with the title company before purchase.

SubdivisionChamberlin & Taylor

ElementaryWest Avenue
Middle schoolGW Carver
High schoolWaco
DistrictWaco ISD

MLS #21263855
Source
Price changeReduced by $10,828 · Aug 8, 2026
On the market93 days
CountyMcLennan

Around this home

One moment…

Everyday life

Nearest groceryCare Net · 0.5 mi
Nearest parkDewey Park · 0.4 mi

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Listing courtesy of Camille Johnson — Rebecca Kennedy.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21263855. Information last updated August 8, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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