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    201 Elm Ave Waco, TX 76704

    For Sale
    Contact for pricing

    10,000 SF Restaurant & Office Space

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 10,000 square foot mixed-use property, located at 201 Elm Ave in Waco, Texas, presents a unique investment opportunity. Situated in the heart of downtown Waco, this building boasts a prime location within McLennan County, zip code 76704. The property's classification includes Restaurant, Traditional Office, and Retail spaces, offering versatile usage potential. Its iconic design features a striking white exterior accented with charming green details, reflecting the character of East Waco. The surrounding area has experienced significant recent growth, including the addition of three new hotels and multifamily developments. This vibrant location benefits from substantial recent investment in Waco, totaling $2.6 billion between 2017 and 2023, with even larger projects currently underway. This translates to a strong and growing market for commercial properties, making this a compelling investment prospect. The property's size and diverse zoning allow for a variety of business ventures, capitalizing on the area's revitalization and increased foot traffic. This is a rare chance to acquire a well-positioned property in a thriving Texas city.

    Property Features for 201 Elm Ave

    General Information

    Property type
    Restaurants
    Square Feet
    10,000 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.1258717
    Latitude
    31.5631933

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    FAQs

    What type of property is this?
    Restaurant - 10,000 SF Restaurant & Office Space
    Where is this restaurant located?
    The property is located at 201 Elm Ave Waco, TX.
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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
    201 Elm Ave Waco, TX 76704
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