701 Austin Ave Waco, TX 76701

Building Details

Year Built

1929

Listing Agency: Coldwell Banker Commercial Apex, Realtors b***@cromwellcommercialgroup.com Show Phone

Listed By: Gregg Glime, SIOR, CCIM · License #620081

Source: Crexi

Added: May 6, 2022 Changed: Jul 6 Last Checked: Jul 23 at 11:32AM

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Investment Insights

Based on property information with market context.

Located on Austin Avenue in Downtown Waco, this property offers a redevelopment opportunity in the entertainment district. The WM & K Clemens building is situated in a location with multiple new developments occurring nearby. The building features tall ceilings, large windows, multiple floors, and a storefront entrance. The property is located within TIF and PID zones and is designated as a Contributing Historical Structure in the downtown overlay. The property has great visibility throughout Downtown. The property is across the street from Magnolia's new hotel and Tecovas Buildings. The property size is 17,226 square feet.

Key Highlights

• Prime downtown location on Austin Avenue, the most popular street in Waco's entertainment district.
• Excellent redevelopment opportunity due to location, historical structure, and multiple new developments nearby.
• Located in TIF & PID zones and designated as a Contributing Historic Structure, offering development incentives.

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FAQs

What type of property is this?

Commercial land - Prime location in Waco's entertainment district with redevelopment potential.

Where is this commercial land located?

The property is located at 701 Austin Ave Waco, TX.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: Prime downtown location on Austin Avenue, the most popular street in Waco's entertainment district.; Excellent redevelopment opportunity due to location, historical structure, and multiple new developments nearby.; Located in TIF & PID zones and designated as a Contributing Historic Structure, offering development incentives.