500 Franklin Ave Waco Waco, TX 76710

Listing office Cromwell Commercial Group g***@cromwellcommercialgroup.com Show Phone

Listing date Sep 10, 2025

Source Cbcworldwide

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Investment Insights

Based on property information with market context.

Located on Franklin Avenue, one of Downtown Waco's most traveled streets, and 5th Street, a primary connector between downtown's entertainment districts, this property presents a redevelopment opportunity. The 21-square-foot property offers the flexibility to purchase a leasable office building or completely revitalize it into a professional office or mixed-use downtown development. The property allows for ground floor, storefront retail along 5th Street and Franklin Avenue, with potential residential or office redevelopment on the second and third floors. Strategically positioned between the federal and county courthouses, it is surrounded by food, beverage, and entertainment retailers. The building is serviced by on-site, gated, exclusive parking, along with ample street parking and public garage parking at the intersection. Please do not disturb the existing tenant.

Key Highlights

• Prime downtown location on Franklin Avenue and 5th Street, connecting entertainment districts.
• Redevelopment opportunity for office or mixed‑use development.
• Potential for ground floor retail with upper floor residential or office space.

Property Analytics

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FAQs

What type of property is this?

Retail space - Redevelopment opportunity in Downtown Waco with retail and office potential.

Where is this retail space located?

The property is located at 500 Franklin Ave Waco Waco, TX.

What are key features of this property?

This property features: Prime downtown location on Franklin Avenue and 5th Street, connecting entertainment districts.; Redevelopment opportunity for office or mixed‑use development.; Potential for ground floor retail with upper floor residential or office space.