2215 Franklin Ave Waco, TX 76701
This exceptional 0.73-acre parcel presents a unique opportunity for developers seeking a prime location in Waco, Texas. Situated on the highly trafficked Franklin Avenue, a major commuting route serving Central Waco and the downtown area, this land offers unparalleled visibility and accessibility. The property's strategic location is further enhanced by its proximity to the upcoming Floyd Casey Stadium Redevelopment project, a significant undertaking that includes plans for 240 new homes, 19 acres of mixed commercial use, and extensive green space. This ambitious project is poised to significantly increase the area's desirability and property values, making this land an even more attractive investment. The site is zoned for retail development and offers drive-thru potential, catering to a wide range of commercial uses. With its ideal location, ample size, and the exciting potential of the nearby Floyd Casey Stadium Redevelopment, this property represents a compelling investment opportunity for discerning developers seeking to capitalize on Waco's growth. The property is located at 2215 Franklin Avenue, Waco, TX 76701, in McLennan County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.