Downtown Waco Commercial
For Sale
$3,950,000
611 Washington Avenue, Waco, TX 76701
11,595 SF commercial building in the heart of Waco.
Property Size11,595 SF
Price / SF$340.66
Days on Market105
Property Features for 611 Washington Avenue
General Information
Standard status
Active
Size
11,595 SF
Property subtype
Commercial
Building Details
Year Built
1951
Listing Agency:
Harrell Realty Company
(254) 776-7599
Listed By:
Hunter Harrell · License #TX-619933
(254) 855-4880
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Aug 3 at 12:27PM
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 Harrell Realty Company
Investment Insights
Based on property information with market context.
Located in Downtown Waco, Texas, The Curry Building offers 11,595 square feet of commercial space. Constructed in 1951, this property is zoned C-4 (Central Commercial District), offering versatility for a range of businesses. The building is suitable for retail and free-standing building investors. Its location in the heart of Waco provides high-traffic and high-visibility. The surrounding area features a mix of retail and entertainment options, with proximity to the Magnolia Market at the Silos and the historic Waco Suspension Bridge. Nearby eateries and boutique shops contribute to the area's appeal. The Curry Building is an investment opportunity for those seeking a high-traffic, high-visibility location.
Key Highlights
- High‑traffic, high‑visibility location in downtown Waco
- Zoned C‑4 (Central Commercial District) offering versatility for a range of businesses
- Proximity to Magnolia Market at the Silos and the Waco Suspension Bridge
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,077
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Dining 9%
Home Improvements & Furnishings 7%
Electronics 6%
Wells Fargo
Shops & Services
9,047 visits/mo
0.5 miles
Sunoco
Shops & Services
4,133 visits/mo
0.4 miles
L&L Hawaiian Barbecue
Dining
1,982 visits/mo
0.4 miles
Terminix
Shops & Services
1,630 visits/mo
0.2 miles
Cash America Pawn
Shops & Services
1,436 visits/mo
0.3 miles
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 Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- St Florist & Flower Delivery Waco TX — 824 S 6th St, Waco, TX 76706
Frequently Asked Questions
What type of property is this?
Storefront property - 11,595 SF commercial building in the heart of Waco.
Where is this storefront property 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: High‑traffic, high‑visibility location in downtown Waco; Zoned C‑4 (Central Commercial District) offering versatility for a range of businesses; Proximity to Magnolia Market at the Silos and the Waco Suspension Bridge
