5101 S University Parks Dr , Waco, TX 76706(McLennan County)

Location: Located along South University Parks Drive/FM Highway 3400 with a secondary means of access on State Highway 6/South Loop 340, the property is 5.5 miles south of downtown Waco and 4.5 miles northeast of Robinson. Physical Address is 5101 S. University Parks Dr, Waco, TX 76706

About the Area: Waco, Texas, is undoubtedly booming, with new businesses, eateries, shops, and residents arriving daily. At the heart of the city lies the Brazos River, and the recent adoption of Waco's strategic roadmap promises further growth. This plan includes a 100-acre master development in downtown featuring a riverfront convention center, a multi-use sports-entertainment venue, signature parks, trails, and plazas. Coupled with the presence of Baylor University and a lower cost of living, Waco is increasingly attracting people from Texas and across the country, making it an excellent location to purchase property.

Just a few miles from McLane Stadium and all that Baylor University offers, Cottonwood Lakes presents an incredible opportunity. This property is ideally situated to provide easy access to the vibrant university community and its numerous events, facilities, and attractions. With some work, the land can be transformed into a unique retreat for fishing, waterfowl hunting, and memorable gatherings with family and friends. Its prime location, combined with natural beauty and opportunities for outdoor activities, makes this property a rare and exciting investment opportunity.

Lakes and Creek: Through the mining operation numerous quarry lakes and ponds have been created over time that account for a total of approximately 40+/- acres of surface water with the largest bodies of water measuring ~23 and ~13 acres in size respectively. The water color and clarity range from crystal clear to stained, and the fisheries appear to be in good condition with plenty of bass, catfish, baitfish, and crawfish. Whether it’s from the bank or from a boat, the fishing is great and with some management it is believed that these lakes have the potential to produce some trophy size catches. Cottonwood Creek also meanders through the property where good holes of water are found

Note: While care and consideration have been taken in collecting and compiling this information, all surface acreage measurements and depths should be considered approximate and are not warranted by Hortenstine Ranch Company.

Terrain: The property is gently sloping with veins of woods running through the property along Cottonwood Creek and the many other water features, and pockets of more densely wooded acreage that consist of cottonwoods, elm, mesquite, bumelia, honey locust, Chinaberry, and willow.

Hunting and Wildlife: The property has not been regularly hunted in years and is frequented by native game animals such as whitetail deer, turkey, hogs, and varmints, and is a seasonal stop for a wide variety of waterfowl.

Roads and Fences: The east property boundary fronts along South University Parks Drive/FM Highway 3400 for a total of ~1,400 feet with two gated ranch entry points. Additional access is provided into the north side of the property from State Highway 6/South Loop 340 via an owned lane. The interior road system is largely unimproved, but there are remains of old haul roads that could be used as main arterial roads through the property, and ample sources of gravel for additional road and trail improvements. Perimeter and cross fences range in condition from good to poor, with some portion of the boundary that are currently unfenced.

Minerals: Percentage of seller owned minerals is unknown. There’s no O&G production on the ranch, and the minerals are not leased at this time. Buyer will assume responsibility and expense associated with a mineral ownership report if one is desired.

Easements: There are no pipeline, large transmission line, or neighboring land owner access easements encumbering the property. There is pipeline and a large electric transmission line easement crossing the neighboring property to the south.

Utilities: Oncor provides electrical service with lines in place on the south end of the property.

School District: Waco Independent School District

Property Taxes: The property does not appear to be under an ag exemption at this time. Annual property taxes are anticipated to be around $4,000 for 2024.

Asking Price: $920,000 ($6,960.21 per acre)

Contacts:

Bret Polk - Broker, (254) 965-0349 mobile, bret@

Chance Turner - Broker, (972) 765-7326 mobile, chance@

BROKER & COMMISSION DISCLOSURE: Buyer’s Agent/ Broker must be identified upon first contact with Listing Broker/ Listing Agent and Buyer’s Agent/ Broker must be present at the initial property tour in order to participate in the real estate commission. Commission splits will be at the sole discretion of Hortenstine Ranch Company, LLC.

All information is deemed reliable, but is not warranted by Hortenstine Ranch Company, LLC. All information is subject to change without prior notice.