701 Austin AveWaco, TX 76701

For Lease
$28/SF/YR

17,226 SF Retail Building, Waco, TX

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 17,226-square-foot retail property at 701 Austin Ave in Waco, Texas, presents a unique redevelopment opportunity. Located in McLennan County, this single-tenant building, constructed in 1929, boasts a prime location in the heart of Waco's entertainment district. The C-4 zoned property features high ceilings, expansive windows, and multiple floors, all culminating in an impressive storefront entrance. Its historical significance is underscored by its designation as a contributing structure within the Downtown Overlay, and its location within the Tax Increment Financing (TIF) and Public Improvement District (PID) zones offers significant development incentives. The building's substantial vacant space allows for extensive customization and adaptation to a wide range of commercial uses. Surrounded by ongoing new developments, this property offers investors a chance to capitalize on Waco's vibrant growth and revitalization. The building's size and location make it ideal for a relatively small-scale redevelopment project with substantial return potential. This is a rare chance to acquire a landmark property on Austin Avenue, one of Waco's most desirable commercial streets. The property's historical character combined with its modern potential makes it a truly unique investment opportunity.

Highlights

  • High visibility throughout Downtown Waco.
  • Located in Tax Increment Financing (TIF) and Public Improvement District (PID) zones; contributing structure in Downtown Overlay.
  • Excellent redevelopment potential with existing structures.
  • Across the street from Magnolia's new hotel and Tecovas.

Property Details for 701 Austin Ave

Property type
Other retail properties, Other land
RSF (Rentable sq. ft)
17,226 SF
Year Built
1929

Unit(s) available at that property

Space
Size
0 SF
Rate per SF
$28

Location Insight

City
Waco
County
McLennan
State
Texas
Latitude
31.55527552
Longitude
-97.13359148
701 Austin Ave, Waco, Texas

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701 Austin Ave
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