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Off Market
1/12

804-808 Austin Ave
Waco, TX 76701


HIGHLIGHTS

  • Unique opportunity to own CRE on Austin Ave.
  • Great visibility throughout Downtown.
  • Located in TIF, PID & Opportunity Zone.
  • All NNN Leases.
  • Adjoins the highly anticipated Stratton Building re-development & Magnolia Expansion
  • Investment / Financial, rent roll, and other information available upon request.

OVERVIEW

Built in the 1940s as a bus station, surviving the 1953 tornado, and exodus during the pedestrian mall days, this downtown property has tons of Waco history. The property was purchased in the early 1970’s by the Ginsburg family, as New York Clothiers and Loan moved from 301 Austin. Currently, the building has been redeveloped for a mixed-use development with a great tenant mix (read below). This property is located in the middle of downtown Waco's booming entertainment district, and in close proximity to one of Magnolia's most recent purchases, which is now one of the most anticipated project announcements of 2019. In addition to Magnolia's expansion, the Stratton Building Renovations (adjoining 804 - 808 Austin Avenue) are anticipated to wrap up in Q3 of 2020. Investment / Financial, rent roll, and other information available upon request. About The Tenants 804 Austin Avenue: Adorn Boutique Adorn is the Texas Hill Country’s go-to boutique for trendy clothing, stylish accessories and one-of-a-kind gifts for women of all ages. Adorn’s eclectic, friendly vibe and beautifully curated store elevates the shopping experience with inspired products and superior customer service. Shop stylish clothing in a variety of colors, textures and in-season fabrics, and versatile accessories–from statement pieces to minimalist looks–that perfectly complement every wardrobe. (http://www.adornaustin.com) 806 Austin Avenue: Waco Ale Company At Waco Ale Company, uses the highest quality ingredients to create award-winning craft beers for every palate. Whether you’re a beginner looking for just a little more flavor, or a connoisseur looking for the rarest of brews, you will find what you’re looking for right here. (https://wacoaleco.com) 808 Austin Avenue: Hey Sugar! Candy Store Hey Sugar! Candy Store will bring the kid out in you with nostalgic candy, retro sodas, unique popcorn, gourmet chocolate and old fashioned ice cream. (https://www.facebook.com/heysugarcandywaco/) Location This property is located between 8th Street and 9th Street along Austin Avenue. The Austin Avenue street has historically been known as one of Waco's major thoroughfares. Austin Avenue offers great walkability and an atmosphere that allows a mixed-use feel of daytime employment, students / scholars, tourists and a hopping night-life.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

AUSTIN AVE RETAIL/OFFICE - Downtown Waco

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

7900

STORIES

1

YEAR BUILT

1930

SPRINKLERS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

24-105600-001824-0,48-016600-003600-3