




$59,000
$65,000
525 S 23rd Street, Waco, TX, 76706
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About this property
Exceptional opportunity to own a prime corner lot in the heart of Waco! Ideally situated just minutes from the iconic Magnolia Silos, Baylor University, downtown dining, shopping, and entertainment, this property offers incredible potential in one of the city's most desirable growth areas. Whether you're looking to build your dream home, develop a multi-family investment property, or explore future commercial possibilities through rezoning, the opportunities are endless. With its highly visible corner location and unbeatable proximity to Waco's most popular destinations, this is a rare chance to invest in a rapidly growing market.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Waco
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