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    1213 Clay Ave Waco, TX 76706

    For Sale
    $250,000

    Prime Winthrop location, 3516 sq ft, single tenant.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 3,516 square foot medical office space is ideally situated less than a block from Cherry Road, in the vibrant heart of Winthrop University's surrounding area. The property boasts a single-tenant occupancy, offering a blank canvas for a discerning business. Currently vacant, this "grey shell" space presents a unique opportunity for a tenant to customize the build-out to perfectly suit their specific needs. The landlord is open to negotiating a significant upfit allowance to assist with tenant improvements. The property's zoning allows for a variety of uses, including retail, office, medical, and restaurant establishments, all falling under the "Light Commercial" zoning designation. This flexibility makes it an attractive option for a wide range of businesses. Prospective tenants should be prepared to demonstrate strong financial stability and a proven track record of success. The location's proximity to Winthrop University ensures high visibility and access to a large potential customer base. This is a rare chance to secure a prime commercial space in a thriving area with considerable upside potential. Don't miss this opportunity to establish your business in a highly desirable location.

    Property Features for 1213 Clay Ave

    General Information

    Property type
    Land

    HighLights

    • 3,516 SF medical office building for sale.
    • Single‑tenant occupancy; currently vacant.
    • Located less than a block from Cherry Rd., near Winthrop University.
    • Zoned for retail, office, medical, and restaurant uses.
    • Landlord may offer tenant improvement allowance.
    • Requires financially strong tenant with proven business history.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Catering El Rincon Mexican Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.1339871
    Latitude
    31.5468591

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    FAQs

    What type of property is this?
    Land - Prime Winthrop location, 3516 sq ft, single tenant.
    Where is this land located?
    The property is located at 1213 Clay Ave Waco, TX.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 3,516 SF medical office building for sale.; Single-tenant occupancy; currently vacant.; Located less than a block from Cherry Rd., near Winthrop University.
    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
    1213 Clay Ave Waco, TX 76706
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