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    1220 Elm St Waco, TX 76704

    For Sale
    $219,000

    Industrial - Waco, TX

    Type:Industrial
    Lot size:
    0.25 Acres
    Days on Market:
    156
    Last Refresh:
    Dec 12 at 7:06 pm

    Property Features for 1220 Elm St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Standard status
    Active
    APN
    480107000016006
    Lot size
    0.25 Acres

    Utilities

    Heating system
    Other (Heating)

    Building Details

    Year built
    1935
    Flooring type
    Concrete
    Building materials
    Concrete
    Architectural style
    Other

    Magnolia Realty (254) 744-4091

    Listing agent Blaire Mooney (254) 218-5940 License #0526291

    Listing date Jul 10, 2025

    MLS# 20982535 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

    High-Visibility Corner Lot in Waco

    This corner lot offers a commercial redevelopment opportunity in Waco, Texas. Situated on revitalized Elm Avenue, the property benefits from infrastructure upgrades, including sidewalks, streetlamps, and improved street access. The location is near Jasper’s BBQ and approximately 5 minutes from Baylor University, Magnolia, McLane Stadium, and Foster Pavilion. The property is suitable for retail, restaurant, office space, or mixed-use development. The surrounding area is experiencing ongoing development and neighborhood revitalization. The lot size is 0.249 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.11801
    Latitude
    31.573026

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    FAQs

    What type of property is this?
    Commercial land - Prime commercial redevelopment opportunity near Baylor University and Magnolia.
    Where is this commercial land located?
    The property is located at 1220 Elm St Waco, TX.
    What is the asking price?
    The asking price for this property is $219,000.
    What are key features of this property?
    This property features: - Prime corner lot with high visibility in a rapidly growing redevelopment corridor.; - Located minutes from Baylor University, Magnolia, McLane Stadium, and Foster Pavilion.; - Situated on revitalized Elm Avenue with new infrastructure including sidewalks and streetlamps.
    (254) 218-5940
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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
    1220 Elm St Waco, TX 76704
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