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    603 10Th St Waco, TX 76701

    For Sale
    Contact for pricing

    Prime Edinburg location, 2nd gen restaurant space.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.268-acre property in Edinburg, TX, presents a compelling investment opportunity. Situated within the multi-tenant West University Center on University Drive, this second-generation restaurant space offers significant value-add potential. The property boasts 79 total parking spaces, ensuring ample convenience for patrons. Currently operating as a multi-tenant building with one suite, this location benefits from a low vacancy rate in a high-demand area, reflecting the strong retail trade area of Edinburg. The property's APN is U200000000000600. Given the current high costs of construction and land acquisition, this represents a rare chance to acquire a well-positioned retail space in a thriving market with rents currently below market rates. The property type includes land, retail, office, and restaurant uses, offering flexibility for potential buyers. This is an ideal opportunity for investors seeking a strong return in a prime location. The property's classification includes Commercial and Executive Office subtypes.

    Property Features for 603 10Th St

    General Information

    Property type
    Land
    Lot Size
    57,761 SF

    HighLights

    • Multi‑tenant commercial property with executive office space.
    • 1.268‑acre lot with 79 parking spaces.
    • Located in a high‑demand retail area on University Drive in Edinburg, TX.
    • Features a 2nd‑generation restaurant space available.
    • APN: U200000000000600.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.13117854
    Latitude
    31.54851131

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    FAQs

    What type of property is this?
    Land - Prime Edinburg location, 2nd gen restaurant space.
    Where is this land located?
    The property is located at 603 10Th St Waco, TX.
    What are key features of this property?
    This property features: Multi-tenant commercial property with executive office space.; 1.268-acre lot with 79 parking spaces.; Located in a high-demand retail area on University Drive in Edinburg, 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
    603 10Th St Waco, TX 76701
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