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711-723 Washington Ave
Waco, TX 76701
711 Washington Ave · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- • 6,536+/- SF retail investment opportunity
- • Heavy street and foot traffic
- • Direct neighbor to Magnolia’s Hotel 1928
- • Anchored by Tecovas
EXECUTIVE SUMMARY
Come join Tecovas, Phillips Forest Products, and Washington Gallery as neighbors to Magnolia’s Hotel 1928.
The Tecovas anchored neighborhood retail center is situated between 7th and 8th Streets along busy Washington Ave. With it’s location in Downtown, Washington Ave sees both foot and vehicle traffic from locals and tourists alike.
Hotel 1928 was built in, you guessed it, 1928 as the former Karem Shrine Building. Magnolia founders, Chip and Joanna Gaines, transformed this historic building into a 33 guest room boutique hotel includes three food and beverage outlets and over 6,600 square feet of meeting and event space along with a rooftop terrace.
The Tecovas anchored neighborhood retail center is situated between 7th and 8th Streets along busy Washington Ave. With it’s location in Downtown, Washington Ave sees both foot and vehicle traffic from locals and tourists alike.
Hotel 1928 was built in, you guessed it, 1928 as the former Karem Shrine Building. Magnolia founders, Chip and Joanna Gaines, transformed this historic building into a 33 guest room boutique hotel includes three food and beverage outlets and over 6,600 square feet of meeting and event space along with a rooftop terrace.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
6,536 SF
Building Class
C
Year Built
1953
Percent Leased
71%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.86
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
C-4
Parking
13 Spaces (1.98 Spaces per 1,000 SF Leased)
Frontage
41’ on Washington Ave.
PROPERTY TAXES
| Parcel Number | 48-014800-001800-4 | Improvements Assessment | $610,432 CAD |
| Land Assessment | $271,797 CAD | Total Assessment | $882,229 CAD |
PROPERTY TAXES
Parcel Number
48-014800-001800-4
Land Assessment
$271,797 CAD
Improvements Assessment
$610,432 CAD
Total Assessment
$882,229 CAD
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