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Mclennan, US
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!
Courtesy Of: Jackson Ranch & Realty LLC
Feature Highlights
- AG Exemption
Public Schools
- School District:
- Lorena ISD
- Elementary School:
- Lorena
- Middle School:
- Lorena
- High School:
- Lorena
Interior Features
- Frontage Feet:
- 1574
Exterior Features and Amenities
- Crops:
- Native
- Subdivision Name:
- Galindo I
- Number Of Lots:
- 1
- Number Of Barns:
- 2
- Lot Size Units:
- Acres
- Lot Size Source:
- Public Records
- Lot Size Area:
- 129.2510
- Lot Size:
- Over 100 Acres
- Lot Features:
- Acreage,Agricultural,Few Trees,Pasture,Tank/ Pond
- Fencing:
- Barbed Wire,Full,Perimeter
Utility Information
- Utilities:
- Asphalt,Electricity Available,Outside City Limits,Overhead Utilities,Rural Water District
Financial
- Tax Legal Description:
- GALINDO I ACRES 129.251
Other Features
- Easements:
- Utilities
- Parcel Number:
- 155858
- Possession:
- Closing/Funding
- Restrictions:
- Deed
- Soil Type:
- Clay,Other
- Special Notes:
- Aerial Photo,Deed Restrictions,Flood Plain,Survey Available,Utility Easement
- Will Subdivide:
- Yes
Directions
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.
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Data last updated: 2025-08-07.
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