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    1020 Franklin Ave Waco, TX 76701

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    For Sale
    Contact for pricing

    Fully leased retail property in downtown Waco with well-known tenants.

    Property size:
    9,600 SF
    Lot size:
    0.47 Acres

    Property Features for 1020 Franklin Ave

    General Information

    Size
    9,600 SF
    Lot size
    0.47 Acres

    Source: Cromwell Commercial Group Agent Gregg Glime

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

    Overview

    Downtown Waco Retail Investment Opportunity

    This is an investment opportunity located in downtown Waco. The property is fully leased and features well-known tenants. The rents are currently below market value. The property benefits from a lighted intersection.
    Insight Report Location Intelligence

    Current Use by Public Records

    Splendid Oaks Chocolates ... Chocolate Artisan Milo Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    Magnolia Farms, Waco Country Mart, The Containery, Mary Avenue Market, LaSalle Shoppes

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.135807
    Latitude
    31.5511589

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    FAQs

    What type of property is this?
    Shopping center - Fully leased retail property in downtown Waco with well-known tenants.
    Where is this shopping center located?
    The property is located at 1020 Franklin Ave Waco, TX.
    What are key features of this property?
    This property features: - Fully Leased investment property.; - Downtown Waco Investment Opportunity.; - Well Known Tenants provide reliable income.
    (254) 339-2200
    Request Owner's contact information
    1020 Franklin 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
    1020 Franklin Ave Waco, TX 76701
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