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Commercial Land with Covered Improvements
New
For Sale
$385,000

2020 Franklin Avenue, Waco, TX 76701

C-3 General Commercial zoning supports a prominent corner property with substantial covered improvements and paved site areas.

Property Size650 SF
Days on Market2

Property Features for 2020 Franklin Avenue

General Information

Standard status Active
Size 650 SF
Property subtype Business

Taxes and HOA fees

Annual Taxes $5,621

Building Details

Building Size 650 SF
Year Built 2024
Listing Agency: Texas Luxury and Land
Listed By: Lana Honey · License #0755891
Source: Whitelabelrealty
Added: Sep 7 Last Checked: Sep 7 at 2:58PM

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 Texas Luxury and Land

Investment Insights

Based on property information with market context.

This C-3 General Commercial property includes a 0.539+-acre site totaling 23,474+- SF, with approximately 18,952+- SF of gross covered area. Paved areas and the existing covered improvements reflect the property’s prior use as an automotive car lot. The improvements were built in 2024.

Positioned at the corner of Franklin Avenue and 21st Street in Waco, the property offers access to a high-traffic commercial corridor with street frontage and strong exposure. The central location and established surrounding commercial activity support consideration for commercial operations, automotive use, or redevelopment under the existing zoning.

Key Highlights

  • C‑3 General Commercial zoning
  • 0.539+- acres, or 23,474+- SF, of site area
  • Approximately 18,952+- SF of gross covered area

Property Analytics

Current Use

Car Barn Car Dealership

Suggested Use

Top Pick Dental Office Pharmacy Big Box & Wholesale Store Real Estate Agency HVAC Service Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,121
Businesses Nearby
58k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 68% Groceries 17% Dining 15%
Sunoco Shops & Services
14,873 visits/mo 0.3 miles
7-Eleven Shops & Services
10,291 visits/mo 0.3 miles
La Michoacana Meat Market Groceries
9,759 visits/mo 0.3 miles
Shipley Do-Nuts Dining
8,898 visits/mo 0.5 miles
O'Reilly Auto Parts Shops & Services
5,681 visits/mo 0.2 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

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - C-3 General Commercial zoning supports a prominent corner property with substantial covered improvements and paved site areas.
Where is this commercial land located?
The property is located at 2020 Franklin Avenue Waco, TX.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: C‑3 General Commercial zoning; 0.539+- acres, or 23,474+- SF, of site area; Approximately 18,952+- SF of gross covered area
More about this property
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