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Milo, Salon Asylum, Spendid Oaks | Waco, TX 1020 Franklin Ave 9,600 SF 100% Leased Retail Building Waco, TX 76701 $4,407,727 CAD ($459.14 CAD/SF) 6.50% Cap Rate

Mixed Use Properties Texas Waco 1020 Franklin Ave, Waco, TX 76701

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Investment Highlights

  • 100% Occupancy with Internet-Resistant Tenants in the Highly Sought After Silo District in Downtown Waco
  • Below-Market Rents: Current lease structures offer significant upside potential for investors
  • Salon Asylum: A top-tier salon provides the property with a stable, repeat-clientele base that is “internet-proof”
  • Milo All Day is Widely Regarded as the Premier Dining Destination in Waco, Consistently Ranking as the City’s “Best” Across Multiple Platforms
  • Strategic Proximity to Major Economic Drivers: The site is within walking distance of the $25MM Magnolia Headquarters

Executive Summary

3-Tenant Retail Center in Silo District in Downtown Waco | Hard-Corner Signalized Intersection | Attractive Low Rents

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,600 SF
Building Class
C
Year Built/Renovated
1959/2018
Price
$4,407,727 CAD
Price Per SF
$459.14 CAD
Cap Rate
6.50%
NOI
$286,502 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.46
Lot Size
0.48 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
2007 TIF
Parking
20 Spaces (2.08 Spaces per 1,000 SF Leased)
Frontage
133’ on Franklin Ave

Links

1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Source: Local Logic®

Nearby Major Retailers

Pure Barre
Bank of America
Chase Bank
Torchy's Tacos
L&l Hawaiian Barbecue
Fazoli's
Hawaiian Bros Island Grill
Wells Fargo Bank
Freddy's Frozen Custard & Steakburgers
Twisted Root Burger Co.

Property Taxes

Parcel Number 48-016600-002300-0 Improvements Assessment $1,750,695 CAD
Land Assessment $715,975 CAD Total Assessment $2,466,670 CAD

Property Taxes

Parcel Number
48-016600-002300-0
Land Assessment
$715,975 CAD
Improvements Assessment
$1,750,695 CAD
Total Assessment
$2,466,670 CAD
(844) 585-7682

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 40250878

  • Date on Market: 2026-04-22

  • Last Updated:

  • Address: 1020 Franklin Ave, Waco, TX 76701

The Downtown Waco Retail Property at 1020 Franklin Ave, Waco, TX 76701 is currently available. Contact Hanley Investment Group for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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Milo, Salon Asylum, Spendid Oaks | Waco, TX | 1020 Franklin Ave
(844) 585-7682 x

Milo, Salon Asylum, Spendid Oaks | Waco, TX | 1020 Franklin Ave

Jeff Lefko
(844) 585-7682

Bill Asher
(844) 585-7684

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