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    315 University Parks Dr Waco, TX 76701

    For Lease
    $26 SF/Yr

    Thriving Waco retail space, high visibility.

    Lot size:
    14,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3,200 square foot retail space, located at 315 S University Parks Blvd Suite #140 in Waco, Texas, presents a unique investment opportunity. Situated within a 14,040 square foot building on a 1.265-acre lot, this single-tenant property boasts a prime location in a highly desirable shopping center. The space is categorized as Salon, Storefront Retail, Bar, Service, and Health and Beauty, offering versatility for a range of businesses. Renovated in 2017, the building is a single-story structure with no elevators. The property benefits from excellent visibility and ample parking, making it highly attractive to customers. Its strategic location, just two blocks from the highway and one block from the Brazos River, provides easy access and significant exposure. Furthermore, the surrounding area is experiencing substantial growth, with ongoing developments including streetscape improvements and a major riverfront transformation project incorporating multifamily housing, parking garages, retail, dining, entertainment, recreation, and potentially a new Waco Farmers Market. This dynamic environment promises significant future growth and increased foot traffic, making this retail space an exceptional investment with limitless potential. The property is zoned C-4.

    Property Features for 315 University Parks Dr

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,040 SF
    Total Rate
    30420

    Building Details

    Year Renovated
    2017
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    3,200 SF
    Rate per SF
    $26

    HighLights

    • 3,200 SF retail space in Waco, TX, located in a desirable shopping center.
    • Single‑tenant property in a 14,040 SF building on a 1.26‑acre lot.
    • Renovated in 2017; C‑4 zoning.
    • Ample on‑site parking.
    • High‑visibility location, two blocks from highway, one block from Brazos River.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    J-Petal & Poke’ Waco Restaurant Posh & Co Nail Salon CoinFlip Bitcoin ATM Atm Aclara Technologies. LLC Manufacturer Allsup’s Express Convenience ... Convenience Store

    Suggested Use

    Realty agency Restaurant Building Supply Dental Office Spa & Massage Law Firm 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
    -97.125969
    Latitude
    31.5572675

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    FAQs

    What type of property is this?
    Restaurant - Thriving Waco retail space, high visibility.
    Where is this restaurant located?
    The property is located at 315 University Parks Dr Waco, TX.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: 3,200 SF retail space in Waco, TX, located in a desirable shopping center.; Single-tenant property in a 14,040 SF building on a 1.26-acre lot.; Renovated in 2017; C-4 zoning.
    Request Owner's contact information
    315 University Parks Dr 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
    315 University Parks Dr Waco, TX 76701
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