315 University Park Dr Waco, TX 76701-2239
Property summary
This exceptional 3,200 square foot retail space, located at 315 S University Parks Blvd Suite #140 in Waco, Texas, presents a unique investment opportunity. Situated within a 14,040 square foot building on a 1.265-acre lot, this single-tenant property boasts a prime location in a highly desirable shopping center. The space is categorized as Salon, Storefront Retail, Bar, Service, and Health and Beauty, offering versatility for a range of businesses. Renovated in 2017, the building is a single-story structure with no elevators. The property benefits from excellent visibility and ample parking, making it highly attractive to customers. Its strategic location, just two blocks from the highway and one block from the Brazos River, provides easy access and significant exposure. Furthermore, the surrounding area is experiencing substantial growth, with ongoing developments including streetscape improvements and a major riverfront transformation project incorporating multifamily housing, parking garages, retail, dining, entertainment, recreation, and potentially a new Waco Farmers Market. This dynamic environment promises significant future growth and increased foot traffic, making this retail space an exceptional investment with limitless potential. The property is zoned C-4.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Nail Salon
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Currency Exchange Service Investment Service
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Industrial Manufacturer Production Facility
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Grocery & Convenience Store
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
2007 TIF · Waco, TXZoning
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Zoning designation
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The district profile from the municipal source: what is on file for 2007 TIF in Waco, TX.
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