Homes for sale - TBD Iron Bridge RD, Lorena, TX 76655

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Anel Perales

anel@peraleshomes.com +1(254) 644-5508

$ 2,585,020

Est. payment | -/mo

129.25 Acres Lot

Save Virtual Tour

$ 2,585,020

Est. payment | -/mo

Save Virtual Tour

129.25 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Improved Land

Listing Status Active

Purchase Type For Sale

Subdivision Galindo I

MLS Listing ID 20983617

HOA Y/N No

Lot Size 129.251 Acres

Acres 129.251

Property Sub-Type Improved Land

Property Description

This 129.251-acre ag exempt tract off Iron Bridge Road in McLennan County presents a rare and strategic investment opportunity for developers or land investors seeking immediate or future subdividing potential. Located just minutes from Lorena and 20 minutes from Waco with convenient I-35 access, it combines rural tranquility with commuter appeal. The property is approximately 1 hour and 30 minutes from both Fort Worth and Austin, and about 2 hours and 30 minutes from Houston. The land's topography supports premium lot layouts with extensive road frontage (1570 ft.+), gently rolling hills and flat land surfaces, 2 stock tanks, and panoramic 360-degree views making this one ideal for creating beautiful homesites and increasing marketability per subdivided tract. The existing ag exemption keeps holding costs low while planning or phasing development. Power is accessible through Oncor and three water meters have already been reserved and paid for through Levi Water Supply, enhancing feasibility for multiple homesites. Property lies in both Robinson ISD & Lorena ISD. Demand for 5–10 acre ranchette tracts is strong in Central Texas, driven by Waco's continued growth and buyers seeking private homesteads with accessibility. The restrictive covenants permit the property to be divided into tracts of 4 acres or larger, creating flexible exit strategies such as developing and selling individual ranchette tracts for a strong return on investment. You can hold the land for cattle operations while completing platting and engineering, and or even offer owner-financing options to enhance yield and remain competitive in the market. This is a turnkey land banking and development opportunity perfectly positioned for a phased ranchette community or exclusive estate development in a fast-growing corridor. Call today to secure this prime investment asset!

Location

State TX

County Mclennan

Zoning R

Direction From the intersection of Loop 340 and IH 35 in Waco travel South on IH 35 for approx 8 miles. Take exit 322 toward Rosenthal Pkwy. Turn left onto Old Temple Rd then continue straight onto Rosenthal Rd and go 3.3 miles. Turn right onto Iron Bridge Rd and go .7 miles. Property will be on the right.

Rooms

Other Rooms Barn(s)

Interior

Fireplace No

Exterior

Fence Barbed Wire, Full, Perimeter

Utilities Available Electricity Available, Overhead Utilities

Waterfront Description Creek

Water Access Desc Rural

Present Use Agricultural,Cattle,Grazing

Street Surface Asphalt

Road Frontage County Road

Building

Lot Description Acreage, Agricultural, Pasture, Pond on Lot, Few Trees

Water Rural

Additional Building Barn(s)

Schools

Elementary Schools Lorena

Middle Schools Lorena

High Schools Lorena

School District Lorena Isd

Others

Senior Community No

Tax ID 155858

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20983617

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(254) 644-5508

anel@peraleshomes.com

TBD Iron Bridge RD Lorena, TX 76655