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    1026 Craven Ave Waco, TX 76705

    Sponsored
    For Sale
    $400,000

    Industrial warehouse, high-profile location.

    Property size:
    2,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,400-square-foot warehouse, situated on a 1.04-acre lot in Waco, Texas, presents a compelling investment opportunity. Located at the northwest corner of IH-35 and E Craven Ave, this free-standing building boasts a high-profile location with excellent visibility and accessibility. Built in 1980, the concrete block and steel structure is zoned C-3 Commercial, General, offering versatility for a range of commercial uses. Access is convenient from both the IH-35 southbound frontage road and E Craven Ave. The property's former use as a convenience store provides a solid foundation, although the landlord has restricted future use as a convenience store or grocery. The asking price is $400,000, translating to $107 per square foot. A key feature is a large canopy-covered parking area. Its proximity to a dense residential area and other retailers further enhances its appeal. This NNN lease property offers significant potential for investors seeking a strong return in a thriving Texas market. The property's location at the intersection of IH-35 and E Craven Ave ensures high traffic volume and excellent exposure.

    Property Features for 1026 Craven Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    2,400 SF
    Lot Size
    45,302 SF

    Building Details

    Year Built
    1980

    HighLights

    • High‑profile location at the northwest corner of IH‑35 & E Craven Ave in Waco, TX.
    • 2,400 SF free‑standing building on a 1.04‑acre lot, suitable for various commercial uses (excluding convenience stores/grocery).
    • Convenient access from IH‑35 southbound frontage road and E Craven Ave.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waco Group Civil Law Attorney

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Accounting Firm Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.0965975
    Latitude
    31.6278431

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    FAQs

    What type of property is this?
    Distribution property - Industrial warehouse, high-profile location.
    Where is this distribution property located?
    The property is located at 1026 Craven Ave Waco, TX.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: High-profile location at the northwest corner of IH-35 & E Craven Ave in Waco, TX.; 2,400 SF free-standing building on a 1.04-acre lot, suitable for various commercial uses (excluding convenience stores/grocery).; Convenient access from IH-35 southbound frontage road and E Craven Ave.
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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
    1026 Craven Ave Waco, TX 76705
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