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    12633 Gholson Rd Waco, TX 76705

    For Sale
    $5,430,000

    Historic Candy Shop, 122 Acres

    Property size:
    5,314 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a unique chance to acquire Russell's Pecans and Fine Candy, a well-established business located on a sprawling 122-acre lot in Waco, Texas. The property boasts a substantial 5,314 square foot building, originally constructed in 1900, offering ample space for production, retail, and potential expansion. The property is zoned with no restrictions, providing significant flexibility for future development or continued operation as a thriving confectionery. Situated at 12633 Gholson Rd, Waco, TX 76705, this property offers a blend of historical charm and significant acreage. The asking price is $5,430,000. The substantial lot size presents numerous possibilities, from expanding the existing business to developing additional commercial or even residential ventures, subject to local regulations and approvals. This is a rare opportunity to own a piece of Waco's history and capitalize on the potential of a well-established business with significant land holdings. The property's location in McLennan County provides easy access to major transportation routes, enhancing its appeal to both local and regional clientele. The existing structure provides a solid foundation for continued operation or a complete renovation to suit a new vision. This is a truly unique opportunity for a discerning investor seeking a high-potential, multi-faceted investment.

    Property Features for 12633 Gholson Rd

    General Information

    Property type
    Specialty properties
    Square Feet
    5,314 SF
    Lot Size
    5,314,320 SF

    Building Details

    Year Built
    1900

    HighLights

    • Exceptional investment opportunity: Russell's Pecans and Fine Candy, a well‑established business on a 122‑acre lot in Waco, TX.
    • 5,314 sq ft building (built 1900) offers ample space for production, retail, and expansion.
    • Unrestricted zoning allows for flexible future development.
    • Located at 12633 Gholson Rd, Waco, TX 76705, asking price $5,430,000.
    • Significant acreage offers numerous development possibilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Russell's Pecan Orchard ... Orchard

    Suggested Use

    Restaurant Auto Repair Shop Auto Parts Store Food Market Grocery Store Discount Store Electronics Store Convenience Store Arcade & Gaming Center Toy Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.215629
    Latitude
    31.694675

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    FAQs

    What type of property is this?
    Specialty property - Historic Candy Shop, 122 Acres
    Where is this specialty property located?
    The property is located at 12633 Gholson Rd Waco, TX.
    What is the asking price?
    The asking price for this property is $5,430,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: Russell's Pecans and Fine Candy, a well-established business on a 122-acre lot in Waco, TX.; 5,314 sq ft building (built 1900) offers ample space for production, retail, and expansion.; Unrestricted zoning allows for flexible future development.
    Request Owner's contact information
    12633 Gholson Rd Waco, TX 76705
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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
    12633 Gholson Rd Waco, TX 76705
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