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    1018 Franklin Ave Waco, TX 76701

    For Sale
    Contact for pricing

    Fully Leased, High-Traffic Location

    Property size:
    9,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 9,600 square foot retail shopping center presents a compelling investment opportunity in the heart of Waco, Texas. Situated on a 0.48-acre lot at the highly visible, lighted intersection of Franklin Avenue and 11th Street, this property benefits from its prime location within the thriving downtown area. The center is currently fully leased to strong, well-known tenants, offering immediate cash flow and stable occupancy. Below-market rents provide significant upside potential for future income growth. This property enjoys proximity to key developments, including the recently completed 100,000+ square foot, $25 million Magnolia HQ, home of Chip & Joanna Gaines' empire, as well as the new riverfront development and Baylor Basketball Arena. The property's strategic location and strong tenant base make it an attractive investment for discerning buyers seeking a stable, high-growth opportunity in a rapidly developing downtown area. The address is 1018-1020 Franklin Ave, Waco, TX 76701, in McLennan County. This retail property is classified as a commercial shopping center.

    Property Features for 1018 Franklin Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    9,600 SF
    Lot Size
    20,909 SF

    HighLights

    • Downtown Waco retail investment opportunity.
    • 9,600 square feet.
    • Fully leased with below‑market rents and well‑known tenants.
    • Prominent location at a lighted intersection.
    • 0.48‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.1357063
    Latitude
    31.5512011

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    FAQs

    What type of property is this?
    Lifestyle center - Fully Leased, High-Traffic Location
    Where is this lifestyle center located?
    The property is located at 1018 Franklin Ave Waco, TX.
    What are key features of this property?
    This property features: Downtown Waco retail investment opportunity.; 9,600 square feet.; Fully leased with below-market rents and well-known tenants.
    Request Owner's contact information
    1018 Franklin 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
    1018 Franklin Ave Waco, TX 76701
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