722 Austin Ave Waco, TX 76701
- Mixed-use properties
- 16,810 SF
Current Use by Public Records
- Mixed-use properties
Property Details for 722 Austin Ave
- Year built
- 1914
- Property size
- 16,810 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property, located at 722 Austin Avenue in Waco, Texas, presents a unique investment opportunity. The 16,810-square-foot building, constructed in 1914 and renovated in 2015, boasts a rich history as a beloved community landmark. Currently operating at 100% occupancy, the two-story structure features a main entertainment space and a second-floor bar and lounge area offering stunning views. Its C-4 zoning allows for diverse uses, including live performances, concerts, or restaurants. Situated in the heart of downtown Waco, just blocks from popular attractions like Magnolia Market and Hotel 1928, this property benefits from the city's thriving economic growth and projected population increase. The Hippodrome's prime location and flexible zoning provide significant potential for future development and returns. This is a chance to acquire a piece of Waco's history and participate in its exciting future. The building consists of one structure and is situated in McLennan County, Texas, zip code 76701.
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
- -97.1341
- Latitude
- 31.5547
