701 Austin AveWaco, TX 76701

Property Details for 701 Austin Ave

Year built

1929

Lot size

0.09 AC

Property size (Sq ft)

17,226 SF

Zone code

2007 TIF

Property type

Other commercial real estate

APN

480148000002001

APU

480148000002001

Description

This exceptional 17,226-square-foot retail property at 701 Austin Ave in Waco, Texas, presents a unique redevelopment opportunity. Located in McLennan County, this single-tenant building, constructed in 1929, boasts a prime location in the heart of Waco's entertainment district. The C-4 zoned property features high ceilings, expansive windows, and multiple floors, all culminating in an impressive storefront entrance. Its historical significance is underscored by its designation as a contributing structure within the Downtown Overlay, and its location within the Tax Increment Financing (TIF) and Public Improvement District (PID) zones offers significant development incentives. The building's substantial vacant space allows for extensive customization and adaptation to a wide range of commercial uses. Surrounded by ongoing new developments, this property offers investors a chance to capitalize on Waco's vibrant growth and revitalization. The building's size and location make it ideal for a relatively small-scale redevelopment project with substantial return potential. This is a rare chance to acquire a landmark property on Austin Avenue, one of Waco's most desirable commercial streets. The property's historical character combined with its modern potential makes it a truly unique investment opportunity.

• Alternative Use

  Use

  Valuation

  Residential

  $3,981,658

  Hospitality

  $3,647,178

  Educational

  $3,034,409

  Medical

  $3,138,767

  Retail

  $4,720,192

Location Insight

City

Waco

County

Mclennan

State

Texas

Latitude

31.5554

Longitude

-97.1339

CBSA code

47380

CBSA name

WACO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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