701 Austin Ave Waco, TX 76701
Property profile & analytics
701 Austin Ave Waco, TX 76701
- Commercial real estate
- 17,226 SF
- 0.09 lot acres
Property ID
US82-0108111
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 701 Austin Ave
- Year built
- 1929
- Lot size
- 0.09 lot acres
- Property size
- 17,226 SF
- Zone code
- 2007 TIF
- Property type
- 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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $580,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $938,000
Market price range: $625k - $2.14M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Waco
- County
- Mclennan
- State
- Texas
- Longitude
- -97.1339
- Latitude
- 31.5554
- CBSA code
- 47380
- CBSA name
- WACO, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$23,419
$118,590
$881,410
$1,000,000
-
$118,590
$881,410
$1,000,000
