4547 Lk Shr Dr Waco, TX 76710-1814

This exceptional two-story, 15,570-square-foot executive office building in Waco, Texas, presents a compelling value-add investment opportunity. Located at 4547 Lake Shore Dr, this Class B property boasts a desirable location convenient to the banking district and nearby communities like Mountainview, Bosqueville, and China Spring. Currently 89% occupied with nine tenants under a gross lease structure, the building offers significant upside potential. Built in 1986, the property sits on a 1.58-acre lot zoned PUD and features beautiful exterior patios accessible to individual offices. The spacious layout is ideal for a variety of professional uses, including law, accounting, counseling, or upper-level management. The asking price is $1,400,000, representing a price per square foot of $89.92 and a pro-forma cap rate of 10.72%. The property generates a pro-forma net operating income (NOI) of $150,041. Features include ample parking and flexible space suitable for owner-occupancy or continued investment. Rent bumps are in place, offering further income growth potential. This unique property offers a blend of aesthetic appeal and strong financial prospects, making it an attractive investment in the thriving Waco market.