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    600 Franklin Ave Waco, TX 76701

    For Lease
    $26 SF/Yr ($13,320 /Mo)

    Prime Waco Office Space: Flexible Layouts Available

    Lot size:
    6,148 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    Franklin Place offers exceptional office space in the vibrant heart of downtown Waco. This 6,148 square foot building, constructed in 2014, boasts a prime location with high visibility and excellent foot traffic. Currently, the entire building is available, offering flexible lease options ranging from 1,233 to 4,909 contiguous square feet. The property is zoned C-4 and features four individual suites, ideal for a variety of businesses, including executive offices, medical offices, creative offices, coworking spaces, or traditional office setups. Its strategic location between 6th and 7th Streets places it just a block from the popular Silos, ensuring high visibility and accessibility. Furthermore, the property benefits from its proximity to numerous upcoming developments, promising continued growth and increased foot traffic in the area. The planned construction of a Marriott Hotel directly behind the building on Mary Avenue further enhances its long-term value and appeal. This is a rare opportunity to secure a prominent location in a thriving downtown Waco submarket. The building's modern design and flexible space options make it an ideal choice for businesses seeking a high-profile address in a dynamic and rapidly developing area.

    Property Features for 600 Franklin Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,148 SF
    Total Rate
    13320.67

    Building Details

    Year Built
    2014

    Unit(s) available at that property

    Space
    Suite 3
    Size
    2,000 SF
    Rate per SF
    $26

    HighLights

    • 6,148 SF multi‑tenant retail, office, and restaurant building.
    • 1,233 SF minimum divisible space, up to 4,909 SF contiguous space available.
    • Four suites total, currently 100% vacant.
    • Built in 2014, located in Waco's C‑4 zoned downtown submarket, near 6th Street and one block from the Silos.
    • Prime downtown location with high visibility and excellent foot traffic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mainstream Boutique of Waco Women'S Clothing Store Precision Managed IT Computer Support And Services Lianda M. Martinez, ... Urgent Care Center Vivian & Marianne Porta ... Portable Toilet Supplier Vape City Coming ... Vaporizer Store

    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
    -97.132369264809
    Latitude
    31.554588619946

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    FAQs

    What type of property is this?
    Restaurant - Prime Waco Office Space: Flexible Layouts Available
    Where is this restaurant located?
    The property is located at 600 Franklin Ave Waco, TX.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: 6,148 SF multi-tenant retail, office, and restaurant building.; 1,233 SF minimum divisible space, up to 4,909 SF contiguous space available.; Four suites total, currently 100% vacant.
    Request Owner's contact information
    600 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
    600 Franklin Ave Waco, TX 76701
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