Property profile

726 Austin Ave Waco, TX 76701

OFF-MARKET
Retail properties & Spaces
14,126 SF
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Property summary

AI-generated overview

This exceptional three-story, 14,126 square foot mixed-use property at 726 Austin Avenue in Waco, Texas, is a prime downtown location. Completely renovated in 2018, it currently boasts 100% occupancy and benefits from flexible C-4 zoning, allowing for diverse uses. Situated on a highly trafficked street, just blocks from popular attractions like Magnolia Market and Hotel 1928, this property enjoys exceptional visibility and accessibility. The building's historic character is enhanced by its unique feature: one of the only rooftop bars in Waco. Waco's thriving economy, with a 20% year-over-year increase in retail spending and projected population growth, makes this a compelling investment. The property's central downtown location, sandwiched between two of the busiest streets, ensures high foot and vehicle traffic. This presents a rare opportunity to acquire a thriving, established business in a rapidly growing market with significant upside potential. The building's 14,126 square feet are spread across three stories, offering ample space for various retail and restaurant concepts. This is an exceptional opportunity to own a piece of Waco's vibrant downtown scene. The 76701 zip code ensures easy access to the city's amenities and attractions.

Property profile

Verified
Property type Retail properties & Spaces
Total area 14,126 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

726 Austin Ave Waco, TX 76701
Waco metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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