2221 La Salle AveWaco, TX 76706

This exceptional mixed-use property at 2221 La Salle Avenue in Waco, Texas, presents a compelling redevelopment opportunity. The 25,992 square foot, two-story building, constructed in 1970, boasts a strategic location between Magnolia Table and Baylor University, offering significant potential for a variety of uses. The first floor comprises 12,996 square feet of finished retail space, complete with 100% HVAC, ideal for restaurants or retail businesses. The second floor mirrors this space at 12,996 square feet, currently featuring finished apartments and overflow storage, and is adaptable for office space, condos, or lofts. This presents a unique chance to create a vibrant, synergistic environment. The property's classification as an apartment building, shopping center, and student housing reflects its versatility. The asking price for the main building is $1,195,000. An additional 0.52-acre parcel located behind the main building at 2216 Griffin Avenue, 2107 Griffin Avenue & 2110 S. 23rd Street is also available for purchase for an additional $200,000. This presents an opportunity to expand the development or create additional parking. The property is situated in McLennan County, Texas, with a zip code of 76706. This investment is categorized as a redevelopment project, offering significant upside for the right buyer. The property's size and location make it an attractive proposition for investors seeking a high-return project in a thriving Texas market.