Newly Constructed Marriott Branded
For Sale
Contact for pricing
1st St, Waco, TX 76708
Marriott branded property near Baylor University and McLane Stadium.
Property SizeContact for details
Days on Market946
Property Features for 1st St
General Information
Standard status
Active
Property subtype
Hospitality
Listing Agency:
Rad Commercial Realty
Listed By:
Majid Radaei, MBA CRE Broker(Hotel, Multi Family) · License #02126758
Source:
Crexi
Added: Jan 22, 2024
Changed: Aug 11
Last Checked: Aug 23 at 2:35PM
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 Rad Commercial Realty
Investment Insights
Based on property information with market context.
This newly constructed, Marriott branded property presents a value-added opportunity with potential for operational optimization. The property benefits from strong demand drivers, including the state-of-the-art Foster Pavilion basketball stadium, which opened in 2024 with a 7,500-seat capacity. Foster Pavilion is located on the edge of campus, across Interstate 35 from McLane Stadium, the football stadium that opened in 2014. The basketball arena is part of a $700 million riverfront development in partnership between the school and the city of Waco. Room revenue performance continues to improve. The property is offered with non-union operations and fee simple interest, unencumbered by management.
Key Highlights
- Value‑add opportunity with 10‑20% upside potential through optimized operations.
- Newly constructed, Marriott‑branded property.**
- Strong demand drivers due to the new Foster Pavilion basketball stadium (7,500 seats).**
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 76708, TX
28,499
Population
11,241
Households
2.5
Avg Household Size
35
Median Age
25%
College-Educated
85%
High-School Grad
48.1 sq mi
ZIP Area
592
Density / Sq Mi
$66,764
Median Household Income
$39,409
Median Earnings
$1,087
Median Rent
$204,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Marriott branded property near Baylor University and McLane Stadium.
Where is this hotel located?
The property is located at 1st St Waco, TX.
What are key features of this property?
This property features: Value‑add opportunity with 10‑20% upside potential through optimized operations.; Newly constructed, Marriott‑branded property.**; Strong demand drivers due to the new Foster Pavilion basketball stadium (7,500 seats).**
