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    103-105 E Center St Lorena, TX 76655

    New
    For Sale
    $495,000

    Business - Lorena, TX

    Type:Business
    Lot size:
    0.27 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 13 at 4:06 am

    Property Features for 103-105 E Center St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    300035000025003
    Parking features
    Garage, On Street
    Lot size
    0.27 Acres

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1956
    Flooring type
    Carpet, Laminate
    Building materials
    Concrete, Stucco
    Roof type
    Composition
    Architectural style
    Other

    Camille Johnson (254) 405-6162

    Listing agent Katherine Snapp (254) 405-6162 License #0691565

    Listing date Dec 12, 2025

    MLS# 21131450 Listing URL

    Copyright © 2025 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.

    Overview

    Mixed-Use Property in Historic Downtown

    This mixed-use property, an iconic community symbol, is located in historic downtown Lorena, Texas. The property offers approximately 4500 square feet of combined residential and retail space. Situated just 15 minutes from Baylor University and downtown Waco, with immediate access to I-35, the location attracts both visitors and local residents. The property includes approximately 2900 square feet of retail or office space, complemented by a 1600 square foot residential area featuring 2 bedrooms and 2 bathrooms, suitable for owner's quarters or rental purposes, offering multiple income opportunities. A large backyard and pool area provide a private outdoor space, with potential for further development. The property was formerly home to a nationally recognized lighting restoration craftsman and retailer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lorena
    County
    McLennan
    State
    Texas
    Longitude
    -97.21647
    Latitude
    31.386034

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with retail and residential space in Lorena, TX.
    Where is this mixed-use property located?
    The property is located at 103-105 E Center St Lorena, TX.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: - Prime location in historic downtown, highly visible and accessible off I-35, near Baylor University and downtown Waco.; - Mixed-use property with approximately 4500 sq ft of residential and retail space, offering multiple income opportunities.; - **2900 sq ft of retail/office space** suitable for various business ventures.
    (254) 405-6162
    Request Owner's contact information
    103-105 E Center St Lorena, TX 76655
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    Lorena, TX 76655
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    103-105 E Center St Lorena, TX 76655
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