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    715 Washington Ave, Unit Waco Waco, TX 76701

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    For Sale
    $1,195,000

    Tecovas-anchored retail center in a high-traffic downtown location.

    Property size:
    3 SF

    Property Features for 715 Washington Ave

    General Information

    Size
    3 SF

    Source: Gregg Glime Agent Gregg Glime

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Center on Washington Avenue

    This neighborhood retail center, anchored by Tecovas, is located on Washington Avenue between 7th and 8th Streets. Situated in Downtown, the property benefits from both pedestrian and vehicular traffic from local residents and tourists. The property is near Hotel 1928, a 33 guest room boutique hotel featuring three food and beverage outlets, over 6,600 square feet of meeting and event space, and a rooftop terrace.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Washington Gallery Art Gallery

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.1352113
    Latitude
    31.5558026

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    FAQs

    What type of property is this?
    Neighborhood center - Tecovas-anchored retail center in a high-traffic downtown location.
    Where is this neighborhood center located?
    The property is located at 715 Washington Ave, Unit Waco Waco, TX.
    What is the asking price?
    The asking price for this property is $1,195,000.
    What are key features of this property?
    This property features: - Located on busy Washington Ave in Downtown, attracting both local and tourist foot and vehicle traffic.; - Anchored by Tecovas, a well-known retail brand.; - Situated in a neighborhood retail center between 7th and 8th Streets.
    (254) 313-0000
    Request Owner's contact information
    715 Washington Ave, Unit Waco Waco, TX 76701
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    Waco, TX 76701
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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
    715 Washington Ave, Unit Waco Waco, TX 76701
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