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    506 Austin Ave Waco, TX 76701

    For Sale
    $1,300,000

    Fully furnished restaurant in downtown Waco, ready for immediate operation.

    Property size:
    3,346 SF
    Lot size:
    0.08 Acres

    Property Features for 506 Austin Ave

    General Information

    Size
    3,346 SF
    Lot size
    0.08 Acres

    Source: Turner Behringer Agent Joshua Barrett

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

    Overview

    Turnkey Restaurant Space in Waco

    Located at 506 Austin Avenue in downtown Waco, Texas, this is a fully furnished second-generation restaurant space. The property offers high visibility and accessibility. The turnkey restaurant space includes all furnishings and equipment. A new roof was installed in 2022, and the property underwent a full renovation within the past 8 years. The property is positioned to benefit from high foot traffic and a vibrant local community. The property size is 3,346 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    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
    -97.1318776
    Latitude
    31.5563024

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    FAQs

    What type of property is this?
    Turn key restaurant - Fully furnished restaurant in downtown Waco, ready for immediate operation.
    Where is this turn key restaurant located?
    The property is located at 506 Austin Ave Waco, TX.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Turnkey restaurant space: Fully furnished and equipped for immediate operation.; - Prime downtown Waco location: Benefit from high visibility and foot traffic.; - Recent renovation: Enjoy a modern and inviting atmosphere.
    (254) 722-9587
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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
    506 Austin Ave Waco, TX 76701
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