1020 Franklin Ave
Waco, TX 76701
Downtown Waco
HIGHLIGHTS
- 100% Occupancy with Internet-Resistant Tenants in the Highly Sought After Silo District in Downtown Waco
- Milo All Day is Widely Regarded as the Premier Dining Destination in Waco, Consistently Ranking as the City’s “Best” Across Multiple Platforms
- Below-Market Rents: Current lease structures offer significant upside potential for investors
- Strategic Proximity to Major Economic Drivers: The site is within walking distance of the $25MM Magnolia Headquarters
- Salon Asylum: A top-tier salon provides the property with a stable, repeat-clientele base that is “internet-proof”
FOR SALE DETAILS
PRICE
$3,218,000 USD
PRICE/SF
$335 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Milo, Salon Asylum, Spendid Oaks | Waco, TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1959
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
0.48 AC
LAND SF
20,909 SF
ZONING
2007 TIF
APN/PARCEL ID
48-016600-002300-0
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844-585-7682
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