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    401 3Rd St Waco, TX 76706

    Sponsored
    For Lease
    Contact for pricing

    Prime downtown Waco office space available.

    Lot size:
    32,135 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional executive office space, located at 401 S 3rd St, Waco, TX 76706, offers a unique blend of historic charm and modern functionality. The property, a beautifully renovated 1907 building (with renovations completed in 2007), boasts 32,135 total square feet, with 25,567 square feet currently vacant. Units range from a minimum of 2,067 square feet to a maximum contiguous space of 5,480 square feet, making it ideal for a variety of businesses. The building features 14-foot chandelier ceilings, original 1907 structural beams and floors, and a single elevator. Situated on a 1.406-acre lot, its C-4 zoning allows for diverse uses. Its prime location in downtown Waco places it between the popular Magnolia Silos and a significant riverfront development, offering excellent visibility and accessibility. The building is also suitable for live/work units on the second floor. This is a rare opportunity to lease a piece of Waco's history in a thriving commercial district. The property is in McLennan County.

    Property Features for 401 3Rd St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    32,135 SF

    Building Details

    Year Built/Renovated
    1907/2007

    Unit(s) available at that property

    Space
    Suite 212
    Size
    2,067 SF

    HighLights

    • 1st Floor: 16,067 SF, divisible into smaller suites.
    • 2nd Floor: 16,067 SF available, with smaller suites available.
    • Approximately 100 dedicated parking spaces.
    • Tenant improvement allowance negotiable.
    • 9,500 SF of basement inventory storage available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jonathon Roberts — Team ... Mortgage Lender Regis Medical Group Medical Group Kalynn Tindall - State ... Insurance Agency Griffith Barbee PLLC ... Law Firm Silos Tuscan Market Liquor 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
    -97.126638877366
    Latitude
    31.55557680259

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    FAQs

    What type of property is this?
    Office Property / Space - Prime downtown Waco office space available.
    Where is this office property / space located?
    The property is located at 401 3Rd St Waco, TX.
    What are key features of this property?
    This property features: 1st Floor: 16,067 SF, divisible into smaller suites.; 2nd Floor: 16,067 SF available, with smaller suites available.; Approximately 100 dedicated parking spaces.
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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
    401 3Rd St Waco, TX 76706
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