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    1612 Speight Ave Waco, TX 76706

    For Lease
    Contact for pricing

    Prime Waco location near Baylor University. High traffic, interstate visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional ground lease opportunity presents a unique investment prospect in the thriving heart of Waco, Texas. Situated at 1612-1614 Speight Avenue, this property offers one available space and boasts unparalleled visibility due to its proximity to Interstate 35 and Baylor University. The location provides easy access via convenient on and off ramps, ensuring high traffic volume. This prime real estate benefits from its central location within a rapidly developing area, surrounded by significant recent investments. Nearby developments include a 1+ million square foot Amazon Fulfillment Center, the Top Golf & Cinemark Master Development, a $10 million expansion of the Magnolia Silo Grounds, a $266 million Baylor Football Stadium, and a $100 million Promenade Riverfront Development. The property's strategic position ensures exposure to a diverse and substantial customer base, including Baylor students, faculty, tourists, and patrons of the vibrant downtown entertainment scene. This ground lease in McLennan County, Texas (zip code 76706) presents a compelling opportunity for investors seeking high-visibility commercial land in a dynamic and growing market. The property is categorized as Land with a Ground Lease tenancy type.

    Property Features for 1612 Speight Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Size
    0 SF

    HighLights

    • High visibility from Interstate 35 and 70 ft of Speight Avenue frontage.
    • Excellent I‑35 access in both directions.
    • Strong co‑tenancy with Vitek's and Valero.
    • Surrounded by diverse retail and restaurant operators including Barefoot Campus Outfitter, Willie's CBD, Jimmy John's, Baylor Flowers, Fuego Tortilla Grill, Schlotzsky's, Jake's, Freight Icehouse and Yardbar, La Jaivita, and Starbucks.
    • Proximity to Baylor Student Housing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.128760759815
    Latitude
    31.536339713152

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    FAQs

    What type of property is this?
    Land - Prime Waco location near Baylor University. High traffic, interstate visibility.
    Where is this land located?
    The property is located at 1612 Speight Ave Waco, TX.
    What are key features of this property?
    This property features: High visibility from Interstate 35 and 70 ft of Speight Avenue frontage.; Excellent I-35 access in both directions.; Strong co-tenancy with Vitek's and Valero.
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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
    1612 Speight Ave Waco, TX 76706
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