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1020 Franklin Ave
Waco, TX 76701
1018 - 1020 Franklin Ave · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- • Downtown Waco Investment Opportunity
- • Below Market Rents
- • Lighted Intersection
- • Fully Leased
- • Well Known Tenants
EXECUTIVE SUMMARY
Calling all investors! This downtown investment opportunity isanchored by Milo and sits right in the middle of major downtown developments like the the recently completed 100,000+ SF, $25MM Magnolia HQ, home of Chip & Joanna Gaines’ empire and walking distance to the new river front development and Baylor Basketball Arena.
The building is fully leased with strong, well known tenants and is prominently located at the lighted intersection of Franklin Avenue and 11th Street.
The building is fully leased with strong, well known tenants and is prominently located at the lighted intersection of Franklin Avenue and 11th Street.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,000 SF
Building Class
C
Year Built
1959
Cap Rate
7%
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.48 AC
Opportunity Zone
Yes
Zoning
2007 TIF
Parking
20 Spaces (3.25 Spaces per 1,000 SF Leased)
Frontage
133’ on Franklin Ave
PROPERTY TAXES
| Parcel Number | 48-016600-002300-0 | Improvements Assessment | $1,802,319 CAD |
| Land Assessment | $737,087 CAD | Total Assessment | $2,539,407 CAD |
PROPERTY TAXES
Parcel Number
48-016600-002300-0
Land Assessment
$737,087 CAD
Improvements Assessment
$1,802,319 CAD
Total Assessment
$2,539,407 CAD
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