1018 Franklin Ave Waco, TX 76701
- Lifestyle centers
- 9,600 SF
- 0.48 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 1018 Franklin Ave
- Lot size
- 0.48 lot acres
- Property size
- 9,600 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 9,600 square foot retail shopping center presents a compelling investment opportunity in the heart of Waco, Texas. Situated on a 0.48-acre lot at the highly visible, lighted intersection of Franklin Avenue and 11th Street, this property benefits from its prime location within the thriving downtown area. The center is currently fully leased to strong, well-known tenants, offering immediate cash flow and stable occupancy. Below-market rents provide significant upside potential for future income growth. This property enjoys proximity to key developments, including the recently completed 100,000+ square foot, $25 million Magnolia HQ, home of Chip & Joanna Gaines' empire, as well as the new riverfront development and Baylor Basketball Arena. The property's strategic location and strong tenant base make it an attractive investment for discerning buyers seeking a stable, high-growth opportunity in a rapidly developing downtown area. The address is 1018-1020 Franklin Ave, Waco, TX 76701, in McLennan County. This retail property is classified as a commercial shopping center.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waco
- County
- McLennan
- State
- Texas
- Longitude
- -97.1357
- Latitude
- 31.5512
