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Retail Space Near Hotel 1928
For Sale
$1,485,000

711 Washington Ave, Waco, TX 76701

Retail space near Hotel 1928 on busy Washington Ave.

Property Size6 SF
Price / SF$247,500
Days on Market329

Property Features for 711 Washington Ave

General Information

Standard status Active
Size 6 SF
Property subtype Retail
Listing Agency: Coldwell Banker Apex, REALTORS
Listed By: Gregg Glime · License #0620081
Source: Cbcworldwide
Added: Sep 10, 2025 Changed: May 21 Last Checked: Apr 9 at 9:00PM

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 Apex, REALTORS

Investment Insights

Based on property information with market context.

This retail space is located on Washington Avenue between 7th and 8th Streets, near Hotel 1928. The property benefits from both foot and vehicle traffic due to its location in Downtown Waco. Hotel 1928, formerly the Karem Shrine Building, features 33 guest rooms, over 6,600 square feet of meeting and event space, and a rooftop terrace. The property is anchored by Tecovas and is near Phillips Forest Products and Washington Gallery.

Key Highlights

  • Located on busy Washington Ave in Downtown Waco, benefiting from high foot and vehicle traffic from locals and tourists.
  • Anchored by Tecovas, a well‑known retail brand.
  • Neighboring Magnolia's Hotel 1928, a Chip and Joanna Gaines boutique hotel.

Property Analytics

Current Use

Waco Escape Rooms Arcade & Gaming Center

Suggested Use

Top Pick Dental Office Carpet & Flooring Store (Bike/Boat/Book/etc) Store Acupuncture Pet Store Pharmacy

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

2,077
Businesses Nearby
22k
Monthly Visits Nearby

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

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space near Hotel 1928 on busy Washington Ave.
Where is this retail space located?
The property is located at 711 Washington Ave Waco, TX.
What is the asking price?
The asking price for this property is $1,485,000.
What are key features of this property?
This property features: Located on busy Washington Ave in Downtown Waco, benefiting from high foot and vehicle traffic from locals and tourists.; Anchored by Tecovas, a well‑known retail brand.; Neighboring Magnolia's Hotel 1928, a Chip and Joanna Gaines boutique hotel.
More about this property
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