Downtown Waco Redevelopment
For Sale
Contact for pricing
500 Franklin Ave, Waco, TX 76710
Redevelopment opportunity in Downtown Waco with retail and office potential.
Property Size21 SF
Days on Market354
Property Features for 500 Franklin Ave
General Information
Standard status
Active
Size
21 SF
Property subtype
Retail
Listing Agency:
Cromwell Commercial Group
(254) 313-0000
Listed By:
Gregg Glime · License #0620081
(254) 313-0000
Source:
Cbcworldwide
Added: Sep 10, 2025
Changed: May 21
Last Checked: Apr 9 at 9:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cromwell Commercial Group
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,818
Businesses Nearby
121k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 26%
Hotels & Casinos 14%
7-Eleven
Shops & Services
16,333 visits/mo
0.5 miles
CAVA
Dining
16,291 visits/mo
0.5 miles
SONIC Drive In
Dining
14,663 visits/mo
0.5 miles
Chipotle Mexican Grill
Dining
13,756 visits/mo
0.4 miles
Twisted Root Burger Co.
Dining
13,406 visits/mo
0.5 miles
Demographics for 76710, TX
24,874
Population
12,391
Households
2
Avg Household Size
38
Median Age
32%
College-Educated
92%
High-School Grad
9.3 sq mi
ZIP Area
2,675
Density / Sq Mi
$53,304
Median Household Income
$36,425
Median Earnings
$1,098
Median Rent
$229,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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 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.
