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    615 Columbus Ave Waco, TX 76701

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    For Sale
    $184,049

    Commercial land in downtown Waco, near landmarks and transportation.

    Lot size:
    0.17 Acres

    Property Features for 615 Columbus Ave

    General Information

    Lot size
    0.17 Acres

    Source: Reid Peevey Commercial Real Estate Agent Jim Peevey

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

    Overview

    Waco Commercial Land For Sale

    This commercial land, zoned O-3, is located in downtown Waco, offering versatile commercial and office development opportunities. It is suited for land or office investors seeking growth potential. The property benefits from accessibility to major transportation routes and amenities. Its location is in close proximity to Waco landmarks such as The Masonic Lodge, The McLennan County Courthouse, and The Magnolia Hotel. The property offers potential for a high return on investment in a growing market.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -97.1354549
    Latitude
    31.5574375

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    FAQs

    What type of property is this?
    Land - Commercial land in downtown Waco, near landmarks and transportation.
    Where is this land located?
    The property is located at 615 Columbus Ave Waco, TX.
    What is the asking price?
    The asking price for this property is $184,049.
    What are key features of this property?
    This property features: - Zoned O-3 for versatile commercial and office development.; - Located in downtown Waco.; - Accessibility to major transportation routes and amenities.
    (254) 715-4592
    Request Owner's contact information
    615 Columbus Ave 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
    615 Columbus Ave Waco, TX 76701
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