Three-Story Mixed-Use
For Sale
Contact for pricing
500 Franklin Ave & 209 S 5th St, Waco, TX 76701
Downtown building with storefront potential, upper-floor office or residential redevelopment, and gated on-site parking.
Property SizeContact for details
Days on Market144
Property Features for 500 Franklin Ave & 209 S 5th St
General Information
Standard status
Active
Property subtype
Office
Additional Details
Road Access
Yes
Building Details
Buildings
1
Stories
3
Listing Agency:
Coldwell Banker Commercial Apex, Realtors
Listed By:
Gregg Glime, SIOR, CCIM · License #620081
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 11:21PM
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 Coldwell Banker Commercial Apex, Realtors
Investment Insights
Based on property information with market context.
This three-story mixed-use property is positioned at the intersection of Franklin Avenue and South 5th Street in downtown Waco. The existing building is configured as a leasable office asset, while its layout supports a different approach: storefront retail could occupy the ground floor, with office or residential redevelopment considered for the second and third floors.
The property sits between the Federal and County courthouses and is surrounded by food, beverage, and entertainment retailers. Franklin Avenue and South 5th Street provide access through downtown, with the latter serving as a connection between two primary entertainment districts. Parking includes a gated on-site area, supplemented by street parking and public garage parking near the intersection.
The property sits between the Federal and County courthouses and is surrounded by food, beverage, and entertainment retailers. Franklin Avenue and South 5th Street provide access through downtown, with the latter serving as a connection between two primary entertainment districts. Parking includes a gated on-site area, supplemented by street parking and public garage parking near the intersection.
Key Highlights
- Three‑story building at 500 Franklin Ave & 209 S 5th St
- Ground‑floor storefront retail potential along Franklin Avenue and South 5th Street
- Second and third floors identified for office or residential redevelopment
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,694
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown building with storefront potential, upper-floor office or residential redevelopment, and gated on-site parking.
Where is this mixed-use property located?
The property is located at 500 Franklin Ave & 209 S 5th St Waco, TX.
What are key features of this property?
This property features: Three‑story building at 500 Franklin Ave & 209 S 5th St; Ground‑floor storefront retail potential along Franklin Avenue and South 5th Street; Second and third floors identified for office or residential redevelopment
