Property summary
This exceptional investment opportunity presents a 2,640 square foot traditional office building situated at 801 Lake Air Drive in Waco, Texas, 76710. Built in 1967, the property offers a substantial footprint for a variety of commercial uses. The building's location within McLennan County provides easy access to Waco's vibrant business community and its extensive transportation network. The asking price for this property is $399,000. The building itself encompasses approximately 2,640 square feet of improved space, as per McLennan County Appraisal District (MCAD) records. Furthermore, the land associated with the property covers approximately 12,197 square feet (also per MCAD). This combination of building size and land area presents significant potential for expansion, redevelopment, or continued operation as a thriving commercial space. The property's classification as both office and retail suggests versatility in its potential uses, catering to a broad range of business needs. This presents a unique chance to acquire a well-located commercial property in a growing Texas market. The property's age provides an opportunity for renovation and modernization to enhance its value and appeal. Serious inquiries are encouraged to explore the full potential of this promising investment.
Property profile
VerifiedCap rate & NOI
Current use
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Pet Grooming Service
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Veterinary Clinic
Location
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
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
C2 · Waco, TXZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for C2 in Waco, TX.
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