1525 Austin Ave Waco, TX 76701

This exceptional mixed-use property, located at 1525 Austin Ave in Waco, Texas, presents a unique investment opportunity. The 4,444 square foot building, originally constructed in 1913 and extensively renovated in 2016, boasts a blend of historical charm and modern amenities. Currently operating at 100% occupancy with two tenants, this Class A property offers versatile potential. The building features seven units, including a retail storefront with historical designation, eight rooms, a large common area, and four bathrooms. Zoned C-3, it's ideal for various commercial uses, such as a boutique hotel, short-term rentals, or a combination of retail and office spaces. Individual heating and air conditioning units in each room ensure occupant comfort. The 0.38-acre lot includes 19 designated parking spaces. This turnkey investment, priced at $1,250,000 ($281.28/sq ft), offers a compelling return on investment, given its prime location near downtown Waco's restaurants and entertainment venues. The gross lease structure simplifies management, and the sale leaseback investment type provides immediate income potential. This is a rare chance to acquire a piece of Waco history with significant upside potential.