711-715 Lake Air DrWaco, TX 76710

Property Details for 711-715 Lake Air Dr

Lot size

0.51 AC

Property size (Sq ft)

5,625 SF

Property type

Other commercial real estate

Property subtype

Other warehouses

Description

This exceptional value-add investment opportunity presents a 5,625 square foot warehouse situated on a 0.507-acre lot at 711-715 Lake Air Drive in Waco, Texas, zip code 76710. The property boasts a prime location within a strong retail corridor, ensuring consistent cash flow. The single-story, Class B building is currently 100% occupied by two established tenants under a gross lease agreement. No credit rating is required for tenants. The property is zoned C-3, allowing for a variety of commercial uses. This multi-tenant property offers a compelling investment with a projected 6.5% cap rate and the potential for future rent bumps. The building consists of one structure with a total of 5,625 square feet. This is a rare opportunity to acquire a fully leased, income-generating asset in a desirable location. The property's strong tenancy and strategic positioning make it an attractive investment for both seasoned and emerging investors. Further details are available upon request.

Location Insight

City

Waco

County

McLennan

State

Texas

Latitude

31.5266

Longitude

-97.187

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