925 18Th StWaco, TX 76707

This exceptional redevelopment opportunity presents a unique 24,078-square-foot, three-story building situated on a substantial 2.94-acre lot in Waco, Texas. Located in Tax Increment Financing Zone #4, this property offers potential development incentives. The existing structure, built in 1940 and 1945, is currently 100% occupied as a single-tenant property, presenting a versatile canvas for adaptive reuse. Zoned O-3 and R-1B, the property's size and location allow for various uses, including religious facilities, private schools, or multifamily conversion. Its central Waco location, just four blocks from downtown, provides easy access to local amenities, eateries, parks, and attractions such as McLane Stadium, Cameron Park, the Brazos River, and Camp Fimfo Resort. The nearly three-acre site, encompassing almost an entire city block, offers ample space for renovation of the existing building and the construction of additional structures, maximizing parking and site access. The property's proximity to Baylor University and McLennan Community College further enhances its appeal. This is a rare chance to acquire a significant property with substantial redevelopment potential in a thriving Texas city. The property's APN is 168830.