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    500 Franklin Ave, Unit Waco Waco, TX 76710

    For Sale
    Contact for pricing

    Redevelopment opportunity in Downtown Waco with retail and office potential.

    Property size:
    21 SF

    Property Features for 500 Franklin Ave

    General Information

    Size
    21 SF

    Source: Gregg Glime Agent Gregg Glime

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

    Overview

    Downtown Waco Redevelopment Opportunity

    Located on Franklin Avenue, one of Downtown Waco's most traveled streets, and 5th Street, a primary connector between downtown's entertainment districts, this property presents a redevelopment opportunity. The 21-square-foot property offers the flexibility to purchase a leasable office building or completely revitalize it into a professional office or mixed-use downtown development. The property allows for ground floor, storefront retail along 5th Street and Franklin Avenue, with potential residential or office redevelopment on the second and third floors. Strategically positioned between the federal and county courthouses, it is surrounded by food, beverage, and entertainment retailers. The building is serviced by on-site, gated, exclusive parking, along with ample street parking and public garage parking at the intersection. Please do not disturb the existing tenant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    EOAC Learning Center Waco ISD Admin ... Corporate Office Economic Opportunities Non-Profit Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.1309097
    Latitude
    31.5556735

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    FAQs

    What type of property is this?
    Retail space - Redevelopment opportunity in Downtown Waco with retail and office potential.
    Where is this retail space located?
    The property is located at 500 Franklin Ave, Unit Waco Waco, TX.
    What are key features of this property?
    This property features: - Prime downtown location on Franklin Avenue and 5th Street, connecting entertainment districts.; - Redevelopment opportunity for office or mixed-use development.; - Potential for ground floor retail with upper floor residential or office space.
    (254) 313-0000
    Request Owner's contact information
    500 Franklin Ave, Unit Waco Waco, TX 76710
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    Waco, TX 76710
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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
    500 Franklin Ave, Unit Waco Waco, TX 76710
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