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Redevelopment Retail Building with O-2
For Sale
$327,000
Pending

2323 N 39th St, Waco, TX 76708

5,930 SF 1946 retail building on 1.88 acres with O-2 zoning for redevelopment in Waco.

Property Size5,930 SF
Lot Size1.88 Acres
Days on Market212

Property Features for 2323 N 39th St

General Information

Standard status Pending
Size 5,930 SF
Lot size 1.88 Acres
Property subtype Multi-Family
Zoning O-2

Additional Details

Utilities to Site Yes

Building Details

Year Built 1946
Listing Agency: NextHome Our Town
Listed By: Willow West
Source: Dfwareahousehunt
Added: Mar 25 Changed: Oct 6 Last Checked: Oct 20 at 9:07PM

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 NextHome Our Town

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Investment Insights

Based on property information with market context.

The offering includes a 5,930-square-foot retail building constructed in 1946. The property is described as well-equipped with modern utilities and positioned for redevelopment, supported by O-2 zoning and flexible use potential.

Located at 2323 N 39th St in Waco, TX (off N 39th Street near Cobbs Dr), the site sits on 1.88 acres and is characterized in the remarks as being nestled among a quiet neighborhood.

This is a for-sale property that combines an existing structure with redevelopment-oriented zoning, making it suitable to consider for investors or developers seeking ground-up or redevelopment possibilities.

Key Highlights

  • 5,930 SF retail building built in 1946
  • O‑2 zoning provides versatility for redevelopment or redevelopment uses
  • 1.88 acres located off N 39th St near Cobbs Dr in Waco, TX

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Parking Lot & Garage Restaurant Gym & Fitness Center

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

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

342
Businesses Nearby

Demographics for 76708, TX

28,499
Population
11,241
Households
2.5
Avg Household Size
35
Median Age
25%
College-Educated
85%
High-School Grad
48.1 sq mi
ZIP Area
592
Density / Sq Mi
$66,764
Median Household Income
$39,409
Median Earnings
$1,087
Median Rent
$204,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

Frequently Asked Questions

What type of property is this?
Commercial land - 5,930 SF 1946 retail building on 1.88 acres with O-2 zoning for redevelopment in Waco.
Where is this commercial land located?
The property is located at 2323 N 39th St Waco, TX.
What is the asking price?
The asking price for this property is $327,000.
What are key features of this property?
This property features: 5,930 SF retail building built in 1946; O‑2 zoning provides versatility for redevelopment or redevelopment uses; 1.88 acres located off N 39th St near Cobbs Dr in Waco, TX
More about this property
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