Historic Phoenix Building in
For Sale
Contact for pricing
401 S 3rd St, Waco, TX 76706
Fully leased mixed-use building with restaurant and office tenants.
Property Size41,679 SF
Days on Market375
Property Features for 401 S 3rd St
General Information
Standard status
Active
Size
41,679 SF
Property subtype
Office
Building Details
Building Size
41,679 SF
Listing Agency:
Cromwell Commercial Group
Listed By:
Clay Fuller · License #666232
(254) 313-0000
Source:
Cbcworldwide
Added: Sep 10, 2025
Changed: Sep 18
Last Checked: Sep 19 at 5:59AM
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office 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?
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 Waco, 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.
