00 Ritchie Road
Lorena, TX 76655
$4,959,830
Land · 18.98 ac · $261K/ac
What it costs to own
An agricultural exemption ends when the land sells — taxes will be reassessed. Verify with the county appraisal district.
About this home
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.
The details
Mineral rights aren't stated in this listing — verify with the title company before purchase.
Around this home
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Everyday life
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Listing courtesy of Vanguard Real Estsate Advisors — Jordan Cortez.
Where it is
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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21399074. Information last updated September 30, 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.
Ink Realty Group
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