1525 Austin AveWaco, TX 76701

For Sale
$1,250,000

Historic Austin Ave. multi-tenant property.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional mixed-use property, located at 1525 Austin Ave in Waco, Texas, presents a unique investment opportunity. The 4,444 square foot building, originally constructed in 1913 and extensively renovated in 2016, boasts a blend of historical charm and modern amenities. Currently operating at 100% occupancy with two tenants, this Class A property offers versatile potential. The building features seven units, including a retail storefront with historical designation, eight rooms, a large common area, and four bathrooms. Zoned C-3, it's ideal for various commercial uses, such as a boutique hotel, short-term rentals, or a combination of retail and office spaces. Individual heating and air conditioning units in each room ensure occupant comfort. The 0.38-acre lot includes 19 designated parking spaces. This turnkey investment, priced at $1,250,000 ($281.28/sq ft), offers a compelling return on investment, given its prime location near downtown Waco's restaurants and entertainment venues. The gross lease structure simplifies management, and the sale leaseback investment type provides immediate income potential. This is a rare chance to acquire a piece of Waco history with significant upside potential.

Highlights

  • Flexible multi-use zoning, suitable for retail and office space.
  • Ideal for Airbnb or boutique hotel conversion.

Property Details for 1525 Austin Ave

Property type
Other retail properties, Individual retail properties
Square Feet
4,444 SF
Class
A
Year Built/Renovated
1913/2016
Buildings
1
Stories
2
Lot Size (sq. ft)
16,553 SF
Units
7

Location Insight

City
Waco
County
Mclennan
State
Texas
Latitude
31.54821
Longitude
-97.1420052
1525 Austin Ave, Waco, Texas

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1525 Austin Ave
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