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Mixed-Use Redevelopment Office Building
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500 Franklin Ave, Waco, TX 76701

Office building with private on-site parking and C-4 zoning suitable for mixed-use redevelopment plans.

Property Size21,326 SF
Days on Market526

Property Features for 500 Franklin Ave

General Information

Standard status Active
Size 21,326 SF
Property subtype OFFICE
Zoning C-4

Additional Details

Opportunity Zone Yes
Listing Agency: Cromwell Commercial Group
Listed By: Gregg Glime · License #0620081
Source: Moodyscre
Added: Apr 1, 2025 Changed: Aug 8 Last Checked: Jul 22 at 9:07AM

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.

This office building includes on-site private parking and is adjacent to a public parking garage. The property is offered for sale and presented as ready for an owner-user, leasehold occupancy, or redevelopment.

The building is located within both a TIF Zone and an Opportunity Zone. Zoning is C-4, which accommodates mixed-use redevelopment projects.

The offering includes an office building totaling 21,326 square feet, providing a foundation for current occupancy or future mixed-use redevelopment under the C-4 zoning designation.

Key Highlights

  • C‑4 zoning accommodating mixed‑use redevelopment projects
  • On‑site private parking plus adjacent public parking garage
  • Located within both a TIF Zone and an Opportunity Zone

Property Analytics

Current Use

EOAC Training Center Waco ISD Admin ... Corporate Office Economic Opportunities Charitable Organization

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Florist Carpet & Flooring Store Catering Service

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

1,818
Businesses Nearby

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 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 - Office building with private on-site parking and C-4 zoning suitable for mixed-use redevelopment plans.
Where is this office building located?
The property is located at 500 Franklin Ave Waco, TX.
What are key features of this property?
This property features: C‑4 zoning accommodating mixed‑use redevelopment projects; On‑site private parking plus adjacent public parking garage; Located within both a TIF Zone and an Opportunity Zone
(254) 339-2200 Call to check price and availability
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