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Historic Phoenix Building in Waco
For Sale
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401 S 3rd St, Robinson, TX 76706

Fully leased mixed-use building with restaurant and office tenants.

Property Size41 SF
Days on Market350

Property Features for 401 S 3rd St

General Information

Standard status Active
Size 41 SF
Property subtype Office
Listing Agency: Cromwell Commercial Group
Listed By: Clay Fuller · License #666232
Source: Cbcworldwide
Added: Sep 10, 2025 Changed: May 21 Last Checked: Apr 9 at 9:00PM

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 Cromwell Commercial Group

Investment Insights

Based on property information with market context.

The Historic Phoenix Building, located in Downtown Waco between the Magnolia Silos and the city’s riverfront development, is available for sale. This fully leased property features Pignetti’s restaurant as the anchor tenant on the ground floor, with premium office tenants occupying the second floor. The building includes 14-foot ceilings adorned with chandeliers, as well as original 1907 structural beams and hardwood floors. The second floor also includes a versatile live/work/VRBO unit, suitable for upscale loft living or a unique business space. The property presents an opportunity to own a legacy asset with income potential.

Key Highlights

  • Prime downtown Waco location, situated between the Magnolia Silos and the vibrant riverfront development.
  • Fully leased property offering strong income potential.
  • Pignetti’s restaurant serves as the anchor tenant.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Auto Parts Store Plumbing Service Storage Facility Grocery & Convenience Store Hair Salon Real Estate Agency

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

39
Businesses Nearby

Demographics for 76706, TX

39,303
Population
16,600
Households
2.4
Avg Household Size
27
Median Age
23%
College-Educated
85%
High-School Grad
72.3 sq mi
ZIP Area
544
Density / Sq Mi
$42,277
Median Household Income
$23,954
Median Earnings
$1,063
Median Rent
$180,600
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Fully leased mixed-use building with restaurant and office tenants.
Where is this office building located?
The property is located at 401 S 3rd St Robinson, TX.
What are key features of this property?
This property features: Prime downtown Waco location, situated between the Magnolia Silos and the vibrant riverfront development.; Fully leased property offering strong income potential.; Pignetti’s restaurant serves as the anchor tenant.
More about this property
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