711-715 Lake Air Dr Waco, TX 76710
- Warehouses
- 5,625 SF
- 0.51 lot acres
Current Use by Public Records
- Warehouses
Property Details for 711-715 Lake Air Dr
- Lot size
- 0.51 lot acres
- Property size
- 5,625 SF
- Property type
- Warehouses
- Property subtype
- Land
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waco
- County
- McLennan
- State
- Texas
- Longitude
- -97.187
- Latitude
- 31.5266
