Downtown Retail Building with C-4
611 Washington Avenue Waco, TX 76701
611 Washington Avenue, Waco, TX, 76701
$3,950,000
For Sale
$3,950,000
SINGLE_FAMILY - Waco, TX
Property Size11,595 SF
Lot Size0.34 Acres
Price / SF$340.66
Days on Market181
Property Features for 611 Washington Avenue
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking features
- On Street, Off Street
- Standard status
- Active
- APN
- 480366030001000
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Description
- SALES ANNEX LOT 1 BLOCK A ACRES .343
- Tax Annual Amount
- 43547
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1951
- Floors in Building
- 2
- Number of units
- 3
- Building materials
- Brick
- Roof type
- Metal
Listing agency
Harrell Realty Company
(254) 772-8572
Listed by
Hunter Harrell · License #TX-619933
(254) 772-8572
Added: Jan 21 Updated: Jul 12 at 1:35PM Checked: Jul 21 at 2:06PM
MLS# 20928503
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The Curry Building is a well-maintained commercial property constructed in 1951, offering 11,595 square feet of space suited to retail and free-standing building investors. Set on a 0.343-acre lot, the building is zoned C-4 (Central Commercial District), providing flexibility for a range of business uses. With its established structure and ample space for customization, the property is positioned for operators looking to tailor the interior and brand their offering.
Located at 611 Washington Avenue in downtown Waco, the building benefits from its setting within a dynamic retail and entertainment district. The surrounding area includes a mix of retail options, and the property is described as being near popular attractions such as Magnolia Market at the Silos and the historic Waco Suspension Bridge. Nearby eateries and boutique shops further support the overall visitor-oriented environment.
For prospective tenants and buyers, the C-4 designation and substantial floor area make this an appealing candidate for retail concepts seeking visibility and flexibility in a central commercial setting. Investors may also value the building’s downtown positioning and the opportunity to update the space to fit their intended use.
Located at 611 Washington Avenue in downtown Waco, the building benefits from its setting within a dynamic retail and entertainment district. The surrounding area includes a mix of retail options, and the property is described as being near popular attractions such as Magnolia Market at the Silos and the historic Waco Suspension Bridge. Nearby eateries and boutique shops further support the overall visitor-oriented environment.
For prospective tenants and buyers, the C-4 designation and substantial floor area make this an appealing candidate for retail concepts seeking visibility and flexibility in a central commercial setting. Investors may also value the building’s downtown positioning and the opportunity to update the space to fit their intended use.
Key Highlights
- 11,595 SF commercial building in downtown Waco, TX, constructed in 1951
- Brick construction with metal roof
- Zoned C‑4 (Central Commercial District) for commercial use
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $215.7k | $18.60 |
| − Vacancy | −$22.6k | −$1.95 |
| EGI | $193.0k | $16.65 |
| − OpEx | −$57.9k | −$4.99 |
| NOI | $135.1k | $11.65 |
11,595 SF · lease $18.60/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.93M
$1.69M – $2.25M
NOI $135,115 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.06M
$2.68M – $3.57M
NOI $214,136 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Z's at the Curry
Bar & Pub
Pretty In Pink Flamingo ...
Clothing Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Well-maintained retail building in downtown Waco with C-4 zoning and investor potential for multiple business concepts.
Where is this retail space located?
The property is located at 611 Washington Avenue Waco, TX.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 11,595 SF commercial building in downtown Waco, TX, constructed in 1951; Brick construction with metal roof; Zoned C‑4 (Central Commercial District) for commercial use
