27300 W Highway 84 - 88 AC Mixed-Use Development Land 88.74 Acres of Commercial Land Offered at $9,660,430 CAD in McGregor, TX 76657

Located at 27300 West Highway 84 in McGregor, Texas, this 88.744-acre commercial development tract represents one of the most compelling land opportunities in McLennan County's highest growth corridor and the highest per capita income in McLennan County. Sitting within the city limits of McGregor, Texas, and boasting approximately 3,660 feet of frontage along US Highway 84, this property is quite literally the front door to McGregor, the first major developable tract visitors and commuters encounter as they enter the city from Waco. With all major utilities already in place and a thoughtful zoning framework established, this property is primed for a developer ready to make a significant mark on one of Central Texas' fastest-growing communities. The site carries a proposed zoning overlay that accommodates a well-conceived mix of uses across the tract, including General Commercial and Office along the highway-facing portion, Mixed-Use encompassing multifamily, townhome, commercial, and office uses through the core of the property, and a Specific Use designation for patio homes on the eastern end, providing a ready-made framework for a phased, mixed-use development program. City water is available via a 16-inch water line and city sewer via an 8-inch sewer line, both provided by the City of Waco and running along US Highway 84 adjacent to the property, significantly reducing infrastructure cost and timeline for an incoming developer. The growth story surrounding this property is exceptional and accelerating. McGregor is home to the SpaceX facility, which has brought significant economic activity, employment, and national attention to the area. Adjacent to the property sits McGregor Executive Airport, creating natural synergy for aviation-related businesses and corporate users. Harris Creek Church, one of the region's largest and most active congregations, is undergoing a major expansion project across U.S. Highway 84, further driving traffic and development interest to the corridor. Numerous new residential developments are actively underway in and around McGregor, reflecting the surging demand for housing in this submarket. Served by Midway ISD, one of the most sought-afterschool districts in the greater Waco area, this location carries tremendous appeal for residential developers targeting quality-conscious buyers and renters. Nearby businesses and anchors include McGregor Executive Airport, Exxon, Chevron, Harris Creek Church, Baylor Scott & White Clinic, Fidelity Bank of Texas, and more — establishing a strong and growing commercial ecosystem that any new development would benefit from immediately. U.S. Highway 84 sees over 24,200 vehicles per day (TxDOT 2025), ensuring exceptional visibility for any commercial component along the corridor. The McGregor submarket also benefits from the highest per capita income in McLennan County, providing an affluent and engaged consumer base for retail, dining, or upscale residential product. The seller may consider subdividing the tract depending on the configuration and scope of the proposed development. This is a rare opportunity for a developer with the vision and capacity to deliver a landmark mixed-use project at the gateway to one of Texas' most exciting emerging markets. For more information on this and our other available listings, please call our office at 254.870.0050 or visit us online at OnwardCRE.com today!