Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1St St Waco, TX 76708

    For Sale
    Contact for pricing

    115-key Marriott hotel, prime Waco location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional, newly constructed Marriott hotel boasts 115 keys and is ideally situated in Waco, Texas, at 1st St, 76708, McLennan County. The property benefits from its affiliation with a highly sought-after Marriott brand, offering a strong foundation for profitability. Currently experiencing improving room revenue performance, this asset presents a compelling value-added opportunity. The hotel's location is strategically advantageous, positioned near the state-of-the-art Foster Pavilion basketball stadium (opened 2024), a 7,500-seat arena that is part of a significant $700 million riverfront development. This development, in partnership with Baylor University and the city of Waco, is a major driver of increased tourism and demand. The property is offered fee simple, unencumbered by management agreements and operates as a non-union establishment. While previous management has resulted in suboptimal performance, a new owner can capitalize on the significant upside potential (estimated 10-20%) by optimizing operations and leveraging the strong market demand fueled by the nearby stadium and broader Waco development. This presents a rare opportunity to acquire a high-quality, newly built Marriott hotel in a rapidly growing market.

    Property Features for 0 1St St

    General Information

    Property type
    Hotels

    HighLights

    • Newly constructed 115‑key Marriott hotel in Waco, TX.
    • Located at 1st St, 76708, McLennan County.
    • Strong Marriott brand affiliation offers high profitability potential.
    • Improving room revenue and significant upside potential (10‑20%).
    • Prime location near the new 7,500‑seat Foster Pavilion basketball stadium and $700 million riverfront development.
    • Fee simple ownership, unencumbered by management agreements; non‑union operation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.2205447
    Latitude
    31.605775

    Nearby Similar for Sale

    • $1,500,000
      2,684 SF

      36-Acre Brazos River Ranch

      Texas ranch featuring river frontage, pastures, and a brick home.
      203 River Ln, Waco, TX 76708
      View Details
    • $699,990
      1,556 SF

      Waco 5-Acre Multi-Home Retreat

      5-acre property with three homes, barn, and income potential.
      979 Old Mexia Rd, Waco, TX 76705
      View Details
    • $965,000
      0.19 Acres

      Spacious Duplex Near Baylor University

      Duplex near Baylor, converted to single-family with student rental potential.
      1915 S 7Th St, Waco, TX 76706
      View Details
    • $450,000
      0.34 Acres

      Versatile Commercial Property Package Deal

      Former daycare with development potential on Memorial Drive.
      4306 Memorial Dr, Waco, TX 76711
      View Details
    • $700,000
      3,246 SF

      Spacious Ranch Home with Acreage

      Ranch-style home on 16.73 acres near Waco, Texas.
      12145 Tree Lake Dr, Waco, TX 76708
      View Details
    • $1,500,000
      5.95 Acres

      Equipped Church on Highway 77

      Fully equipped church with classrooms, offices, and ample parking.
      2801 Robinson Dr, Waco, TX 76706
      View Details

    FAQs

    What type of property is this?
    Hotel - 115-key Marriott hotel, prime Waco location.
    Where is this hotel located?
    The property is located at 1St St Waco, TX.
    What are key features of this property?
    This property features: Newly constructed 115-key Marriott hotel in Waco, TX.; Located at 1st St, 76708, McLennan County.; Strong Marriott brand affiliation offers high profitability potential.
    Request Owner's contact information
    1St St Waco, TX 76708
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1St St
    Waco, TX 76708
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1St St Waco, TX 76708
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.