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    1026 Craven Ave Waco, TX 76705

    For Lease
    $11 SF/Yr ($2,300 /Mo)

    1-acre lot, 2400 sq ft retail space.

    Lot size:
    2,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2,400-square-foot retail property, situated on a 1.04-acre lot in Waco, Texas, presents a unique investment opportunity. Located at 1026 E Craven Avenue, zip code 76705, this single-tenant building boasts convenient access to and from IH-35, ensuring high visibility and accessibility. Constructed in 1980, the structure features durable concrete block and steel construction. The property's zoning is C-3 Commercial, General, allowing for a variety of commercial uses. Currently vacant, the entire 2,400 square feet is available for lease. The property benefits from its proximity to a densely populated residential area and numerous other retail establishments, creating a strong customer base. A significant feature is a large canopy-covered parking area, providing ample and sheltered parking for customers. Please note that the previous tenant was a convenience store, and the landlord has imposed a restriction against future use as a convenience store or grocery store. This prime location and versatile space offer significant potential for a variety of businesses. McLennan County location.

    Property Features for 1026 Craven Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,400 SF
    Total Rate
    2300

    Building Details

    Year Built
    1980

    Unit(s) available at that property

    Space
    Size
    2,400 SF
    Rate per SF
    $11

    HighLights

    • $2,300/month asking rent.
    • High‑profile location at the NW corner of IH‑35 & E Craven Ave, Waco, TX.
    • 2,400 SF free‑standing retail building suitable for various commercial uses.
    • Access from IH‑35 southbound frontage road and E Craven Ave.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waco Group Civil Law Attorney

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Accounting Firm Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.0965975
    Latitude
    31.6278431

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    FAQs

    What type of property is this?
    Land - 1-acre lot, 2400 sq ft retail space.
    Where is this land located?
    The property is located at 1026 Craven Ave Waco, TX.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: $2,300/month asking rent.; High-profile location at the NW corner of IH-35 & E Craven Ave, Waco, TX.; 2,400 SF free-standing retail building suitable for various commercial uses.
    Request Owner's contact information
    1026 Craven Ave Waco, TX 76705
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    Waco, TX 76705
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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
    1026 Craven Ave Waco, TX 76705
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