TBD Iron Bridge Road Lorena, TX 76655

$2,585,020

About this home

Property Overview

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!