Land Development Opportunity at NW Corner of N Interstate 35 & Meyers Ln, Lacy Lakeview, TX Sold for $1,125,000
Project Overview
Asset Type: Land – Development Opportunity (C-1, Highway Commercial)
Location: NW corner of N Interstate 35 & Meyers Ln, Lacy Lakeview, TX (Waco MSA)
Sale Type: Seller Representation – Brandon Hiett represented the Seller and secured a direct buyer
Sale Price: $1,125,000
Sale Date: December 3, 2025
Size: 19.337 Acres
Price per SF: ~$1.34/SF
Buyer: WPM Construction (Owner/User)
Seller: Direct Land Investors LLC
Broker: Brandon Hiett
Location Benefits: Why This I-35 Corridor Site Stands Out
This strategic land parcel anchors the northwestern corner of N Interstate 35 and Meyers Ln in the growing Waco MSA. The property’s highway frontage and exceptional visibility position it as a prime development opportunity, particularly for users seeking exposure to the region’s robust traffic flow—over 97,000 vehicles pass daily on I-35.
The site’s current zoning of C-1, Highway Commercial, allows for a broad spectrum of retail, commercial, and light industrial uses, giving both owner-users and developers flexibility in their vision. Accessibility is further enhanced by direct connectivity to I-35, U.S. Route 77 Business, and Texas State Highway Loop 340.
This location is just 10 minutes from Downtown Waco and 8 minutes from Baylor University, a major regional institution with over 20,000 students. The population within a 10-mile radius is nearly 175,000 people as of 2023, with growth exceeding 14% since 2010. Surrounding the property are leading national retailers, including The Home Depot, Walmart Supercenter, Starbucks, Chick-fil-A, Whataburger, and more, creating a dynamic commercial ecosystem that supports both workforce and consumer demand.
Facility Features: Strategic Solutions for a Challenging Site
Development Constraints: The site is 100% flood plain, which typically limits the pool of potential buyers and restricts traditional construction options.
Floodplain Reclamation Potential: Seller was open to reclamation work, which could bring 5–6 acres out of floodplain status and make them suitable for development.
Buyer Fit: Despite site constraints, the broker identified a strategic buyer—WPM Construction—whose operations could function within the site’s limitations with minimal design changes.
Access: Through direct engagement with TXDOT, the broker secured improved access off the service road, maximizing site functionality and future use potential.
The Brokerage Advantage
Brandon Hiett’s expertise in the Central Texas land market was instrumental in delivering a successful outcome for Direct Land Investors LLC. Understanding the unique challenges posed by the property’s floodplain status, Brandon leveraged his network and deep market knowledge to identify WPM Construction—a user able to capitalize on the site’s potential. His direct collaboration with TXDOT was critical in improving site access, removing a key barrier for prospective buyers. This transaction highlights the value of hands-on representation and strategic problem-solving in complex land deals.
Conclusion
This transaction demonstrates the continued demand for well-located development parcels in the Waco MSA, even those with significant challenges. By aligning the property’s unique attributes with the right buyer, Brandon Hiett delivered value for his client and contributed to the ongoing commercial growth along the I-35 corridor. The site’s sale to WPM Construction ensures its productive use while reinforcing Lacy Lakeview’s role as a key node in Central Texas’s expanding economy.
Frequently Asked Questions (FAQs)
Q: What features made this property desirable to the buyer?
A: Exceptional highway visibility, large acreage, flexible C-1 zoning, and the potential for floodplain reclamation positioned the site as a unique opportunity for a strategic owner-user.
Q: Why was this location attractive?
A: Immediate access to I-35, proximity to major highways and regional employers, rapid area population growth, and adjacency to top national retailers made the site highly appealing.
Q: What challenges came up, and how were they solved?
A: The entire parcel is in a floodplain, limiting typical development. The broker found a buyer whose operations fit the site’s constraints and worked with TXDOT to secure optimal access, improving overall site utility.
Q: How quickly did the asset trade after listing?
A: While the floodplain status narrowed the buyer pool, targeted marketing and direct outreach enabled a successful close with a qualified user.
Q: What broader trends does this sale reflect?
A: It underscores persistent interest in well-located commercial land in fast-growing corridors like the Waco MSA, especially among users able to navigate site-specific complexities.
Want to achieve results like this?
Brandon Hiett has been a broker in Dallas-Fort Worth since 2016. Over that time, he has brokered 300+ transactions having a market value of approximately $462.6 million.
Contact Brandon Hiett to discuss your property goals in the Dallas-Fort Worth region.
