# Ritchie Road, Lorena, TX 76655

> **TL;DR:** land, $4,959,830. Est. $26,527/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $4,959,830 |
| Lot Size | 826,551 sqft (18.98 acres) |
| Property Type | Land (Other) |
| Status | Active |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $25,080 |
| Estimated Insurance | $1,447 |
| **Total** | **$26,527** |

## Nearby Schools

- **Elementary:** Park Hill
- **Middle:** Midway
- **High:** Midway

## Property Highlights

- 18.98 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** Ritchie Road, Lorena, TX 76655
- **County:** McLennan
- **Coordinates:** 31.444499, -97.212034
- **Google Maps:** https://www.google.com/maps?q=31.444499,-97.212034

## Listing Agent

- **Name:** Jordan Cortez
- **Brokerage:** Vanguard Real Estsate Advisors
- **Broker Phone:** (214) 556-1951
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/Ritchie-Rd_Lorena_TX_76655_M96350-15155?f=listhub&s=NTREIS&m=21399074&c=propsimple)

## Photos

![Ritchie Road - Photo 1](http://lh.rdcpix.com/19543543882cd4ec06d2107afd79a0f8l-f2624825043r.jpg)

![Ritchie Road - Photo 2](http://lh.rdcpix.com/19543543882cd4ec06d2107afd79a0f8l-f57890118r.jpg)

---

**MLS#:** 21399074 | **Updated:** 2026-10-20
**Source:** listhub

*Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/ritchie-road-lorena-tx-76655-b0a4fe64303f4fde98ec2883d1bd1951)

---

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