254-855-5500
605 Austin Ave, Waco, TX for Sale
Storefront Retail/Office - FOR SALE
1/17
null | Request Cap Rate

605 Austin Ave
Waco, TX 76701
Downtown Waco


HIGHLIGHTS

  • Downtown district
  • Controlled after-hours access
  • Professional entry & common areas
  • Secured parking garage
  • Elevator access
  • Private suites and offices

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

-

APN/PARCEL ID

48-014900-000200-1

ASK ABOUT THIS PROPERTY

Nathan Embry, CCIM, SIORKelly CommercialMore Info
254-855-5500

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Nathan Embry, CCIM, SIORKelly CommercialMore Info
254-855-5500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.