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711-715 Lake Air Dr Waco, TX 76710

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5,625 SF Warehouse, 100% Leased

Property size:
5,625 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional value-add investment opportunity presents a 5,625 square foot warehouse situated on a 0.507-acre lot at 711-715 Lake Air Drive in Waco, Texas, zip code 76710. The property boasts a prime location within a strong retail corridor, ensuring consistent cash flow. The single-story, Class B building is currently 100% occupied by two established tenants under a gross lease agreement. No credit rating is required for tenants. The property is zoned C-3, allowing for a variety of commercial uses. This multi-tenant property offers a compelling investment with a projected 6.5% cap rate and the potential for future rent bumps. The building consists of one structure with a total of 5,625 square feet. This is a rare opportunity to acquire a fully leased, income-generating asset in a desirable location. The property's strong tenancy and strategic positioning make it an attractive investment for both seasoned and emerging investors. Further details are available upon request.

Property Features for 711-715 Lake Air Dr

General Information

Property type
Distribution properties
Square Feet
5,625 SF
Class
B
Lot Size
22,085 SF

Building Details

Buildings
1
Stories
1

HighLights

  • 100% Leased, generating immediate income.
  • 6.5% projected capitalization rate.
  • Two established tenants under gross lease agreements.
  • Prime location in a strong Waco, TX retail corridor.
Property Profile Location Intelligence

Current Use by Public Records

Distribution centers

Suggested Use

Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness 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
-97.186957039426
Latitude
31.526614149046

FAQs

What type of property is this?
Distribution property - 5,625 SF Warehouse, 100% Leased
Where is this distribution property located?
The property is located at 711-715 Lake Air Dr Waco, TX.
What are key features of this property?
This property features: 100% Leased, generating immediate income.; 6.5% projected capitalization rate.; Two established tenants under gross lease agreements.
More about this property
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