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0 Ritchie Rd , Lorena, TX 76655

$4,959,830

18.975 acre multifamily development site located along Ritchie Road in the Waco, TX ETJ. The Site is accessible via Ritchie Road, Devonshire Road, and is less than 2 miles east of Interstate 35. Ownership has completed plans for a phase 1, 278 unit garden-style project on approximately 9.74 acres of the property that is fronting Ritchie Road. This would leave the remaining 9.24 acres for a phase 2 on which Ownership anticipates 280 units can be built. Additionally, as it relates to the phase 1 plans, Ownership had received an invitation letter for a HUD 221 (d)(4) loan in the past. Ownership has also had positive conversations in the past regarding a possible HFC execution on the Site.

Highlights

  • Land
  • Unimproved Land
  • 18.975 Acre Lot
  • 47 days on Market


  • Acres
    18.975
  • Utilities
    Other
  • Water
    Public

  • County
    McLennan
  • City
    Lorena
  • Neighborhood
    None
  • Zip Code
    76655
  • High School
    Midway
  • Middle School
    Midway
  • Elementary School
    Park Hill

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Frequently Asked Questions

How do I schedule a tour of 0 Ritchie Rd?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 0 Ritchie Rd.

They know lands in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 0 Ritchie Rd?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $4,959,830. We can talk through recent upgrades, potential seller motivation, how this unimproved land compares to others in Lorena, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 0 Ritchie Rd?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 0 Ritchie Rd at around $28,225. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 0 Ritchie Rd?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in McLennan County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 0 Ritchie Rd?

In most cases, yes. Whether 0 Ritchie Rd is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Lorena's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 0 Ritchie Rd?

We can handle that for you. Our preferred local agent specializes in lands in Lorena and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

0 Ritchie Rd was listed on September 29, 2026, which means it's been on the market for 47 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

What is the lot size of this property?

0 Ritchie Rd sits on a 18.98-acre lot, which is 826,769 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Park Hill
  • Middle: Midway
  • High: Midway

Want to see how these schools compare? Check out our McLennan County School Guide to see ratings, reviews, and more for the schools in the area.

Is 0 Ritchie Rd still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, North Texas Real Estate Information Systems (NTREIS). All rights reserved.

Last Updated: November 15, 2026 at 05:21AM | Source: North Texas Real Estate Information Systems (NTREIS) | MLS#: 21399074