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Downtown Waco Redevelopment Opportunity
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701 Austin Ave, Waco, TX 76701

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

Property Size8,976 SF
Days on Market167

Property Features for 701 Austin Ave

General Information

Standard status Active
Size 8,976 SF
Property subtype Retail

Building Details

Building Size 8,976 SF
Listing Agency: Coldwell Banker Commercial Apex, Realtors
Listed By: H Bland Cromwell · License #206780
Source: Commercialcafe
Added: Mar 26 Changed: Sep 7 Last Checked: Sep 7 at 4:45AM

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.

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.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Florist Carpet & Flooring Store Catering Service Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,906
Businesses Nearby

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

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 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.
More about this property
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