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    1601 Washington Ave Waco, TX 76701

    Sponsored
    For Lease
    $18 SF/Yr

    Downtown Waco retail opportunity. High foot traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located at 1601 Washington Avenue in Waco, Texas, 76701, presents a unique investment opportunity. The property is classified as both retail and land, encompassing a single, multi-tenant shopping center. The building features a recently refreshed exterior, enhancing its curb appeal and attracting potential customers. This prime location sits directly across from established businesses, Refit and Be Kind Coffee, ensuring high visibility and foot traffic in a bustling downtown area. The property's address is 1601 Washington Avenue, placing it within the vibrant heart of Waco's commercial district. The property is categorized as a commercial shopping center with multiple suites available for lease. Currently, one suite is available for lease. This makes it ideal for a variety of retail businesses seeking a high-traffic location with excellent visibility. The property's coordinates are 31.548695476667067 latitude and -97.14292019686921 longitude. This location offers significant potential for growth and profitability, making it an attractive investment for discerning buyers. The property's classification as both retail and land suggests potential for future development or expansion. The high foot traffic and proximity to established businesses make this a truly exceptional opportunity in the thriving Waco market.

    Property Features for 1601 Washington Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Size
    0 SF
    Rate per SF
    $18

    HighLights

    • Renovated exterior.
    • Negotiable tenant improvements (TI).
    • Easy access from Waco Drive and Franklin Avenue.
    • High foot traffic from local residents and tourists.
    Property Profile Location Intelligence

    Current Use by Public Records

    Casket and Cauldron Coffee Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    Mclennan
    State
    Texas
    Longitude
    -97.142920196869
    Latitude
    31.548695476667

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    FAQs

    What type of property is this?
    Lifestyle center - Downtown Waco retail opportunity. High foot traffic.
    Where is this lifestyle center located?
    The property is located at 1601 Washington Ave Waco, TX.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Renovated exterior.; Negotiable tenant improvements (TI).; Easy access from Waco Drive and Franklin Avenue.
    Request Owner's contact information
    1601 Washington Ave Waco, TX 76701
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    Waco, TX 76701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1601 Washington Ave Waco, TX 76701
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