For Sale
$1,400,000

4547 Lake Shore DrWaco, TX 76710

Waco, TX Office Building - Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional two-story, 15,570-square-foot executive office building in Waco, Texas, presents a compelling value-add investment opportunity. Located at 4547 Lake Shore Dr, this Class B property boasts a desirable location convenient to the banking district and nearby communities like Mountainview, Bosqueville, and China Spring. Currently 89% occupied with nine tenants under a gross lease structure, the building offers significant upside potential. Built in 1986, the property sits on a 1.58-acre lot zoned PUD and features beautiful exterior patios accessible to individual offices. The spacious layout is ideal for a variety of professional uses, including law, accounting, counseling, or upper-level management. The asking price is $1,400,000, representing a price per square foot of $89.92 and a pro-forma cap rate of 10.72%. The property generates a pro-forma net operating income (NOI) of $150,041. Features include ample parking and flexible space suitable for owner-occupancy or continued investment. Rent bumps are in place, offering further income growth potential. This unique property offers a blend of aesthetic appeal and strong financial prospects, making it an attractive investment in the thriving Waco market.

Highlights

  • Unique, high-end office space.
  • Private exterior patios accessible to individual offices.
  • Spacious, adaptable offices ideal for professional services or executive suites.
  • Excellent owner-occupancy or investment opportunity.

Property Details for 4547 Lake Shore Dr

Property type
Office properties
Square Feet
15,570 SF
Class
B
Year Built
1986
Stories
2
Lot Size (sq. ft)
68,825 SF

Location Insight

City
Waco
County
McLennan
State
Texas
Latitude
31.5617628
Longitude
-97.195658
4547 Lake Shore Dr, Waco, Texas

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4547 Lake Shore Dr
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