The Historic Phoenix Building - Now For Sale in Downtown Waco Located between Waco’s top tourist destination, the Magnolia Silos, and the city’s most significant riverfront development in decades, the Phoenix Building offers a rare opportunity to own a true legacy asset with strong and growing income potential. This fully leased property features Pignetti’s restaurant as the anchor tenant on the ground floor, with premium office tenants occupying the second floor. Crafted with exceptional quality, the building showcases 14-foot ceilings adorned with chandeliers, as well as original 1907 structural beams and hardwood floors. The second floor also includes a versatile live/work/VRBO unit, ideal for upscale loft living or a unique business space.