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    2215 Franklin Ave Waco, TX 76701

    For Sale
    Contact for pricing

    0.73-acre prime Waco redevelopment site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 0.73-acre parcel presents a unique opportunity for developers seeking a prime location in Waco, Texas. Situated on the highly trafficked Franklin Avenue, a major commuting route serving Central Waco and the downtown area, this land offers unparalleled visibility and accessibility. The property's strategic location is further enhanced by its proximity to the upcoming Floyd Casey Stadium Redevelopment project, a significant undertaking that includes plans for 240 new homes, 19 acres of mixed commercial use, and extensive green space. This ambitious project is poised to significantly increase the area's desirability and property values, making this land an even more attractive investment. The site is zoned for retail development and offers drive-thru potential, catering to a wide range of commercial uses. With its ideal location, ample size, and the exciting potential of the nearby Floyd Casey Stadium Redevelopment, this property represents a compelling investment opportunity for discerning developers seeking to capitalize on Waco's growth. The property is located at 2215 Franklin Avenue, Waco, TX 76701, in McLennan County.

    Property Features for 2215 Franklin Ave

    General Information

    Property type
    Land
    Lot Size
    31,799 SF

    HighLights

    • High‑traffic location on Franklin Avenue.
    • Drive‑thru capability available.
    • Retail space for lease.
    • Excellent proximity to the Floyd Casey Stadium Redevelopment project.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.147320203655
    Latitude
    31.541509266614

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    FAQs

    What type of property is this?
    Land - 0.73-acre prime Waco redevelopment site.
    Where is this land located?
    The property is located at 2215 Franklin Ave Waco, TX.
    What are key features of this property?
    This property features: High-traffic location on Franklin Avenue.; Drive-thru capability available.; Retail space for lease.
    Request Owner's contact information
    2215 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
    2215 Franklin Ave Waco, TX 76701
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