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    Waco, TX Strip Malls for Sale

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    Waco Retail Strip Center
    Updated: Jun 3, 2025
    Waco Retail Strip Center

    806 Elm Avenue, Waco, TX 76704

    $1,250,000
    7,320 sqft 0.49 AC lot
    Located in a thriving revitalization district of Waco, TX, offering strong potential for appreciation.
    ± 7,320 SF multi‑tenant retail strip center provides flexible leasing opportunities.
    Positioned on 0.49 acres (21,344 SF) along Elm Avenue with excellent visibility.
    Prime investment opportunity in a dynamic commercial corridor.
    Capitalize on increasing demand for retail and commercial space.
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    This listing looks promising.

    Here's a quick look at some key insights for

    806 Elm Avenue, Waco, TX 76704

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    • Est. Cap Rate

      6.8%
      Above avg (5.9%)

    • Est. NOI

      $85K
      Annual

    • Mortgage

      $32K
      Mar 2010

    • Property Type

      Commercial (General)
      Built 1968
    View Property Analytics
    Downtown Waco Retail Investment Opportunity
    Updated: Apr 21, 2025
    Downtown Waco Retail Investment Opportunity

    1020 Franklin Ave, Waco, TX

    $3,218,000
    9,600 sqft 0.47 AC lot
    Fully Leased investment property.
    Downtown Waco Investment Opportunity.
    Well Known Tenants provide reliable income.
    Below Market Rents offer significant upside potential.
    Located on a Lighted Intersection.
    View details
    Brookview Hills Shopping Center For Sale
    Brookview Hills Shopping Center For Sale

    3400 - 3404 & 3312 - 3320 Bosque Blvd, Waco, TX

    $1,500,000
    40,000 sqft 3.18 AC lot

    Shopping center with repurposing potential, anchored by Family Dollar.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 Active listings in Waco, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Commercial Investment Property in Copperas Cove
    Commercial Investment Property in Copperas Cove

    2210 E Business 190, Copperas Cove, TX 76522

    $575,000
    6,540 sqft 0.29 AC lot

    Partially rented commercial complex on the main thoroughfare.

    View details
    Commercial Land for Retail Development
    Commercial Land for Retail Development

    7100 Clear Creek Road, Killeen, TX 76549

    $400,000
    2.62 AC lot

    A 2.62-acre site suited for retail, services, or restaurant development near major regional destinations.

    View details
    Commercial Retail Development Site
    Commercial Retail Development Site

    7100 Clear Creek Road, Killeen, TX 76549

    $400,000
    2.62 AC lot

    Commercial site near Killeen Fort Hood Regional Airport suited for retail, restaurant, or service-oriented businesses.

    View details
    Retail Property with Strong Tenant
    Retail Property with Strong Tenant

    603 Sunset Ln A-F, Copperas Cove, TX 76522

    $299,000

    Retail property with six rentable units and immediate revenue.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Retail Development Land with Highway Frontage
    Retail Development Land with Highway Frontage

    283 N US Hwy 281, Evant, TX 76525

    $275,000
    1.60 AC lot

    Commercial land offering strong US 281 frontage and depth, well-suited for retail or a convenience-oriented concept.

    View details
    Commercial Land on Highway 281
    Commercial Land on Highway 281

    283 N Us Hwy 281, Evant, TX 76525

    $275,000
    1.00 AC lot

    Acreage with highway frontage suitable for retail development.

    View details
    Evant, TX Commercial Land
    Evant, TX Commercial Land

    283 N Hwy 281, Evant, TX 76525

    $275,000
    1.60 AC lot

    1.6 acre commercial land with highway frontage in Evant, TX.

    View details
    Commercial Land for Retail Development
    Commercial Land for Retail Development

    Us-67, Midlothian, TX 76065

    $1,300,000
    3.70 AC lot

    Cleared-ready land positioned just north of a storage facility and along railroad tracks for retail growth opportunities.

    View details

    Waco, TX Strip Malls Market Trends and Statistics

    Explore 3 strip malls for sale in Waco, TX, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 56,920 square feet of properties for sale, with an estimated market value of $5,968,000.

    Sale prices for retail strips in Waco, TX start at $1,250,000, averaging $1,989,333, and reaching up to $3,218,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 27
    Storefront properties 16
    Automotive properties 8
    Auto shops 6
    Showrooms 5

    Demographics Overview

    Population 190K
    Population Growth (5Y) +9.1%
    Median Household Income $56,965
    College Educated 22.7%

    High-Yield Neighborhoods for Investment

    Identify Waco submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    76704 $1.3M

    Taxes & Financing

    Tax Rate (average for all types) 1.91%
    Property Tax per SF $32.66 per SF
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in McLennan County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Waco fall within the 25,000 to 50,000 square foot range.

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