C-3 Commercial
New
For Sale
$375,000
116 S 16th St, Waco, TX 76701
Developable commercial property with Franklin Avenue frontage near downtown Waco.
Property SizeContact for details
Days on Market3
Property Features for 116 S 16th St
General Information
Standard status
Active
Property subtype
Land
Building Details
Year Built
1959
Listing Agency:
Reid Peevey Commercial Real Estate
(254) 722-9587
Listed By:
Josh Barrett · License #TX #736690
Source:
Reidpeevey
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 3 at 4:15AM
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 Reid Peevey Commercial Real Estate
Investment Insights
Based on property information with market context.
This C-3 commercial land offering includes a 5,256-square-foot building constructed in 1959. The property is identified as a developable site with potential for retail or broader commercial development, and its existing improvements may support evaluation of multiple redevelopment approaches.
Located at 116 S 16th St in Waco, the property has frontage on Franklin Avenue and direct access to the corridor. Its position near downtown places the site within Waco’s central area, supporting consideration for commercial users seeking a location with established road access and proximity to the downtown district.
Located at 116 S 16th St in Waco, the property has frontage on Franklin Avenue and direct access to the corridor. Its position near downtown places the site within Waco’s central area, supporting consideration for commercial users seeking a location with established road access and proximity to the downtown district.
Key Highlights
- 5,256‑square‑foot building constructed in 1959
- C‑3 zoning
- Developable commercial site
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,534
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 40%
Home Improvements & Furnishings 6%
Shipley Do-Nuts
Dining
8,898 visits/mo
0.5 miles
Dollar General
Shops & Services
7,714 visits/mo
0.5 miles
El Charro
Dining
6,814 visits/mo
0.5 miles
U-Haul
Shops & Services
1,685 visits/mo
0.4 miles
Cash America
Shops & Services
1,656 visits/mo
0.5 miles
Demographics for 76701, TX
1,674
Population
1,029
Households
1.6
Avg Household Size
29
Median Age
32%
College-Educated
92%
High-School Grad
1.1 sq mi
ZIP Area
1,522
Density / Sq Mi
$24,593
Median Household Income
$21,897
Median Earnings
$1,008
Median Rent
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Developable commercial property with Franklin Avenue frontage near downtown Waco.
Where is this commercial land located?
The property is located at 116 S 16th St Waco, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 5,256‑square‑foot building constructed in 1959; C‑3 zoning; Developable commercial site
