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516 Indiana Avenue
Waco, Texas 76707-2449

County: McLennan Chamberlin & Taylor

Positioned in one of Waco’s continually growing areas, this O-2 zoned lot presents an incredible opportunity for investors, builders, developers, or future homeowners looking to bring their vision to life. Conveniently located just minutes from Waco’s bustling downtown, the property offers easy access to some of the city’s most beloved destinations including Cameron Park, the Cameron Park Zoo, World Cup Café, D’s Mediterranean, and countless local shops, restaurants, and entertainment options that continue to fuel the area’s growth and appeal. The property’s flexible O-2 zoning opens the door to a variety of potential uses, making it an attractive option for those seeking long-term investment potential or a future homesite in an increasingly desirable location. Adding even more value, the lot sits adjacent to another vacant corner lot, creating additional possibilities for expanded development, increased footprint potential, or enhanced privacy and usability depending on buyer goals and intended use. The lot itself offers a beautiful setting with mature trees surrounding portions of the property, creating a sense of privacy while still maintaining close proximity to city conveniences. Whether you envision building a personal residence, investment property, or exploring future development opportunities, this property offers a rare combination of location, flexibility, and potential.

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Essential Information

  • Price$34,236
  • Reduced By$10,828
  • Cumulative Days on MarketUnlock
  • MLS® #21263855
  • Acres0.13
  • TypeLand
  • Sub-TypeUnimproved Land
  • StatusActive
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Quick Valuation Analysis from 2 Active Listings

Pricing Trends from 2 Active Listings in Chamberlin & Taylor

This Home's Price $34,236 This Home's Price Per SqFt $
Average Price $42,618 Average Price Per SqFt $
Highest Price $51,000 Highest Price Per SqFt $
Lowest Price $34,236 Lowest Price Per SqFt $

Property Details

School Information

Community

  • Address516 Indiana Avenue
  • SubdivisionChamberlin & Taylor
  • CityWaco
  • CountyMcLennan
  • StateTexas
  • Zip Code76707-2449
  • HOANone
  • UtilitiesCity Sewer, City Water, Electricity Available
  • Taxes225

Exterior

  • Lot DescriptionCleared

Additional Information

  • ZoningO-2

Private Listing Information (Registration Required)

Listing Details

  • AgentRebecca Kennedy
  • OfficeCamille Johnson

Similar Listings

No Listings Found.

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Listing information last updated on October 17th, 2026 at 5:01pm CDT.