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    901 Columbus Ave Waco, TX 76701

    Sponsored
    For Sale
    $2,000,000

    Prime 2.57-acre tract, C-3 zoning.

    Property size:
    111,949 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.57-acre vacant land parcel, located at 901 Columbus Ave in Waco, Texas (76701), presents a remarkable investment opportunity. Boasting 111,949 square feet and a C-3 zoning designation, this property offers significant mixed-use development potential. Situated in the heart of downtown Waco, it enjoys prominent street frontage on four sides, encompassing two full city blocks. The site is ideally positioned near Baylor University, the vibrant downtown entertainment district, and the proposed Magnolia-branded hotel, capitalizing on the area's explosive growth. The property's planned development includes 100 units with ample surface parking. With a land value of $12.51 per square foot and an asking price of $2,000,000, this is a rare chance to acquire a large, strategically located development tract in one of Texas's most dynamic urban centers. The property is surrounded by new developments, underscoring its prime location and future potential. This is a truly unique opportunity for developers seeking to create a significant project in a thriving market.

    Property Features for 901 Columbus Ave

    General Information

    Property type
    Land
    Square Feet
    111,949 SF
    Lot Size
    111,949 SF

    HighLights

    • Four‑sided street frontage.
    • Two full city blocks of frontage.
    • Excellent location surrounded by new developments.
    • Mixed‑use development potential near Baylor University, downtown, and the Magnolia Hotel; planned for 100 units with ample surface parking.
    • 111,949 square foot building.
    • Prime location near Baylor University, the downtown entertainment district, and the Magnolia Hotel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Roman HVAC Services Heating Equipment Supplier

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Law Firm Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.137262437727
    Latitude
    31.555324807137

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    FAQs

    What type of property is this?
    Land - Prime 2.57-acre tract, C-3 zoning.
    Where is this land located?
    The property is located at 901 Columbus Ave Waco, TX.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Four-sided street frontage.; Two full city blocks of frontage.; Excellent location surrounded by new developments.
    Request Owner's contact information
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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
    901 Columbus Ave Waco, TX 76701
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