5050 Waco Dr Waco, TX 76710-7022
- Commercial real estate
- 75,765 SF
- 5.36 lot acres
Sep 04, 2024
Current Use by Public Records
- Burlington Coat Parking Lot / Parking Lot & Garage
Property Details for 5050 Waco Dr
- Year built
- 1987
- Construction
- FRAME
- Lot size
- 5.36 lot acres
- Property size
- 75,765 SF
- Zone code
- C3
- Property type
- Commercial real estate
- APN
- 480084110002005
- APU
- 480084110002005
Description
This exceptional 76,212 square foot retail property, formerly occupied by Burlington, presents a unique investment opportunity in Waco's thriving submarket. The single-story, Class B building, constructed in 1976, sits on a generous 5.12-acre lot and offers ample parking with 430 spaces. The entire 76,212 square feet is currently vacant, providing a blank canvas for a variety of retail concepts. The property features multiple entrances, ensuring convenient access for customers and maximizing visibility from the street. Its expansive size allows for flexibility in tenant configuration, with a minimum divisible space of 25,000 square feet and the potential for a single, contiguous tenant to occupy the entire building. The property's location within the Waco submarket offers excellent access and high traffic counts, making it an ideal location for a variety of retail businesses. This is a rare opportunity to acquire a large, well-located retail space with significant potential for redevelopment or immediate occupancy. The property's size, visibility, and parking make it an attractive option for a wide range of retail uses. The expansive lot provides ample room for future expansion or outdoor amenities. This is a prime opportunity to establish a strong retail presence in a growing market.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $5,655,000
Market price range: $2.63M - $8.96M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $5,820,000 Current use
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Location Insight
- Map
- Local Demand
- City
- Waco
- County
- Mclennan
- State
- Texas
- Longitude
- -97.1795
- Latitude
- 31.5188
- CBSA code
- 47380
- CBSA name
- WACO, TX METROPOLITAN STATISTICAL AREA