Great opportunity in historic Downtown Lorena! Bring your ideas to this property full of opportunities, over 8,000 sq ft with 5 different entities to work on including retail and business space. With easy access to and from I-35, this property ran a successful local business for 60 years, the town is growing and in need of more businesses.
Just over 3 acres with a runway of Old Lorena Rd and N Houston St frontage. This property is prime for commercial development. The owner has plans for two retail stores, a car wash, or even a gas station. This property is engulfed in Waco migration.
The median home value in Lorena, TX is $295,000. This is higher than the county median home value of $244,800. The national median home value is $338,100. The average price of homes sold in Lorena, TX is $295,000. Approximately 76.44% of Lorena homes are owned, compared to 20.74% rented, while 2.82% are vacant. Lorena real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lorena real estate agent to arrange a tour today!
Lorena, Texas has a population of 1,931. Lorena is more family-centric than the surrounding county with 40% of the households containing married families with children. The county average for households married with children is 29.92%.
The median household income in Lorena, Texas is $93,750. The median household income for the surrounding county is $53,723 compared to the national median of $69,021. The median age of people living in Lorena is 32.9 years.
The average high temperature in July is 95.4 degrees, with an average low temperature in January of 35.1 degrees. The average rainfall is approximately 36.5 inches per year, with 0.1 inches of snow per year.