Prime Redevelopment Opportunity on
For Lease
Contact for pricing
701 Austin Ave, Waco, TX 76701
Excellent redevelopment opportunity in downtown Waco's entertainment district.
Space SizeContact for details
Property Size17,226 SF
Days on Market1353
Property Features for 701 Austin Ave
General Information
Standard status
Active
Size
17,226 SF
Property subtype
Retail
Building Details
Building Size
17,226 SF
Year Built
1929
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial Apex, Realtors
(254) 313-0000
Listed By:
Gregg Glime, SIOR, CCIM · License #620081
Source:
Crexi
Added: Dec 16, 2022
Changed: Aug 26
Last Checked: Aug 29 at 6:20PM
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, the Wm & K Clemens Building offers a redevelopment opportunity in the entertainment district. The property features tall ceilings, large windows, multiple floors, and a storefront entrance. Situated within the Tif & Pid zones and designated as a contributing historic structure in the Downtown Overlay, the building presents development potential. The location is surrounded by new developments.
Key Highlights
- Prime location on Austin Avenue in the heart of Waco's Entertainment District.
- Excellent redevelopment opportunity due to location and historical structure.
- Contributing Historic Structure in the Downtown Overlay.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,906
Businesses Nearby
32k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Hotels & Casinos 39%
Dining 6%
Home Improvements & Furnishings 3%
Wells Fargo
Shops & Services
9,047 visits/mo
0.2 miles
Hotel Indigo Waco - Baylor
Hotels & Casinos
6,248 visits/mo
0.4 miles
Sunoco
Shops & Services
4,133 visits/mo
0.5 miles
Courtyard Waco
Hotels & Casinos
3,740 visits/mo
0.3 miles
Residence Inn Waco
Hotels & Casinos
2,382 visits/mo
0.5 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
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Excellent redevelopment opportunity in downtown Waco's entertainment district.
Where is this storefront property located?
The property is located at 701 Austin Ave Waco, TX.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: Prime location on Austin Avenue in the heart of Waco's Entertainment District.; Excellent redevelopment opportunity due to location and historical structure.; Contributing Historic Structure in the Downtown Overlay.
