605 Austin Ave 25,620 SF 98% Leased Retail Building Waco, TX 76701 For Sale

Located in the heart of Downtown Waco, 605-611 Austin Avenue presents an opportunity to acquire a fully occupied mixed-use asset combining professional office space and first-floor retail showroom uses within one of the city's most active business districts. The property benefits from a prominent downtown location near the Brazos River, ongoing riverfront development activity, restaurants, retail destinations, and major employment centers that continue to support investment and business growth throughout the urban core.
Originally constructed in 1910 and renovated in 2012, the building contains approximately 25,620 square feet of gross building area, including an attached parking garage. The property features professional common areas, elevator access, controlled after-hours entry, secured parking, and a mix of private suites and offices designed to accommodate multiple tenants. These improvements provide a functional environment for professional service firms, office users, and retail occupants seeking a downtown presence.
The asset is currently 100% occupied by seven tenants and benefits from established in-place income. Downtown Waco has experienced substantial redevelopment and investment activity in recent years, supported by tourism, higher education institutions, healthcare systems, and a growing regional economy. The property's location places tenants within walking distance of numerous amenities while offering convenient access throughout the Waco market.
With stable occupancy, secured parking, controlled access, and a downtown location adjacent to ongoing redevelopment activity, this property offers investors the opportunity to acquire an income-producing asset within one of Central Texas' most active urban districts.