
Residential Land for Sale in Waco, Texas
516 Indiana Ave, Waco, TX 76707
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 Cafe, 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.
Location
- Street address
- 516 Indiana Ave
- County
- McLennan County
- Zip code
- 76707
- Community
- Chamberlin & Taylor
- School district
- Waco ISD
- Elevation
- 448 feet
Property details
- Lot size
- 0.131 acres5,706 sq ft
- Zoning
- O-2
- MLS #
- NTREIS 21263855
- Posted
Property taxes
- Recent
- $225
Parcels
- 480086000131002
Legal description
CHAMBERLIN & TAYLOR LOT A BLOCK 18 ACRES .130
Details and features
Listing
- Type
- Land
Lot
- Features
- City Lot, Cleared
Structure
- Water
- Public
- Sewer
- Public Sewer
Nearby schools
| Name | Type | District |
|---|---|---|
| West Avenue | Elementary | Waco ISD |
| GW Carver | Middle | Waco ISD |
| Waco | High | Waco ISD |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| May 8, 2026 | New listing | $45,064 | — | NTREIS |





