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    1024 Austin Ave Waco, TX 76701

    For Sale
    Contact for pricing

    Prime Austin Ave. retail, near The Silos.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional retail space is part of Dottie Oaks, a new luxury mixed-use development in Waco, Texas. Located at 1024 Austin Ave, 76701, this shopping center boasts prominent road frontage on both Austin Avenue and Franklin Avenue, offering unparalleled visibility and accessibility. The property is situated within walking distance of the popular Waco landmark, The Silos, and is conveniently close to established businesses like Milo All Day and Balcones Distillery, ensuring high foot traffic and a vibrant surrounding community. The development's inviting atmosphere makes it ideal for boutique retailers and restaurants seeking a sophisticated and upscale location. The space offers customizable options, allowing tenants to tailor the layout to their specific needs and brand identity. This is a unique opportunity to establish a presence in a thriving, rapidly developing area of Waco, benefiting from the synergy of a mixed-use environment that includes both retail and residential components. McLennan County's strong economy and growing tourism further enhance the investment potential of this prime retail location. Don't miss this chance to be part of Waco's exciting revitalization.

    Property Features for 1024 Austin Ave

    General Information

    Property type
    Lifestyle centers

    HighLights

    • Mixed‑use retail and residential development in Waco, TX.
    • High‑visibility location with road frontage on Austin Ave. and Franklin Ave.
    • Walking distance to The Silos, a popular Waco landmark.
    • Highly customizable retail space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Blairs Cove Apartment Complex

    Suggested Use

    Realty agency Restaurant Building Supply Law Firm Dental Office Spa & Massage 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
    -97.1363244
    Latitude
    31.5516344

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Austin Ave. retail, near The Silos.
    Where is this lifestyle center located?
    The property is located at 1024 Austin Ave Waco, TX.
    What are key features of this property?
    This property features: Mixed-use retail and residential development in Waco, TX.; High-visibility location with road frontage on Austin Ave. and Franklin Ave.; Walking distance to The Silos, a popular Waco landmark.
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    1024 Austin 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
    1024 Austin Ave Waco, TX 76701
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