Located at 1005-1017 Franklin Avenue in Waco, Texas, this 13,692 SF industrial/retail building presents a compelling opportunity in the heart of downtown Waco's most active redevelopment corridor. Available for both lease and sale, 1005-1017 Franklin Avenue is situated on 0.527 acres and zoned C-4 Central Commercial. The property is located within Waco's Tax Increment Finance (TIF) Zone 1, a designation that opens the door to meaningful financial incentives for qualifying redevelopment projects and makes this an especially attractive target for investors and developers with a vision for the space. The property consists of two buildings totaling 13,692 SF, a primary 10,116 SF retail/warehouse and a secondary 3,576 SF warehouse building, with approximately 150 feet of frontage along Franklin Avenue. Ceiling heights reach up to 18 feet, providing excellent vertical clearance for industrial, creative, or mixed-use adaptive reuse concepts. The facility is equipped with six roll-up doors offering exceptional access and operational flexibility: four measuring 22 feet wide by 16 feet high, one at 10 feet wide by 12 feet high, and one at 12 feet wide by 9 feet high. Heavy three-phase power is available in the area, with the current electrical setup configured at 120/240 volt panels, providing a solid foundation for a range of power-intensive uses or buildout scenarios. The location is well-supported by traffic from multiple corridors, with US Highway 84 seeing approximately 25,300 vehicles per day and Franklin Avenue recording over 6,200 vehicles per day, ensuring strong visibility and accessibility for any retail, commercial, or mixed-use tenant or end user. The renovations planned for Franklin Avenue over the coming years should spur on an increasing in vehicle counts and addition exposure in the coming years. This property represents a rare chance to acquire a large-format, centrally located asset with industrial bones, outstanding access, and significant redevelopment potential in one of Waco's most exciting urban corridors. For more information on this and our other available listings, please call our office at 254.870.0050 or visit us online at OnwardCRE.com today!