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    203 Lacy Dr Waco, TX 76705

    Sponsored
    For Lease
    Contact for pricing

    4,028 sq ft storefront, high traffic area.

    Lot size:
    4,028 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,028 square foot retail space at 203 N Lacy Dr, Waco, TX 76705 presents a unique investment opportunity. Situated on a 0.246-acre lot in a high-traffic area, this single-tenant property offers immense potential for a variety of businesses. Built in 1969, the building boasts a single story, encompassing the entire 4,028 square feet. The property's zoning is classified as "C," making it suitable for a wide range of commercial uses. Its versatile layout and ample parking provide an attractive environment for customers. The property's location in Waco, Texas, offers access to a thriving community and strong consumer base. This is an ideal space for entrepreneurs seeking a blank canvas to establish their business. The property's single-story design and ample square footage provide flexibility for various business models, from restaurants and venues to salons and other innovative ventures. This is a chance to acquire a well-positioned retail space in a dynamic market. The property is ready for immediate occupancy, allowing for a swift start to your business operations. Don't miss this chance to secure a prime location in Waco's bustling commercial landscape.

    Property Features for 203 Lacy Dr

    General Information

    Property type
    Community centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,028 SF

    Building Details

    Year Built
    1969
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Front Building
    Size
    4,028 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Land pros waco Excavating Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store 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
    -97.106734090273
    Latitude
    31.625228515612

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    FAQs

    What type of property is this?
    Community center - 4,028 sq ft storefront, high traffic area.
    Where is this community center located?
    The property is located at 203 Lacy Dr Waco, TX.
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    203 Lacy Dr 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
    203 Lacy Dr Waco, TX 76705
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