1018 Franklin AveWaco, TX 76701

Property Details for 1018 Franklin Ave

Lot size

0.48 AC

Property size (Sq ft)

9,600 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 9,600 square foot retail shopping center presents a compelling investment opportunity in the heart of Waco, Texas. Situated on a 0.48-acre lot at the highly visible, lighted intersection of Franklin Avenue and 11th Street, this property benefits from its prime location within the thriving downtown area. The center is currently fully leased to strong, well-known tenants, offering immediate cash flow and stable occupancy. Below-market rents provide significant upside potential for future income growth. This property enjoys proximity to key developments, including the recently completed 100,000+ square foot, $25 million Magnolia HQ, home of Chip & Joanna Gaines' empire, as well as the new riverfront development and Baylor Basketball Arena. The property's strategic location and strong tenant base make it an attractive investment for discerning buyers seeking a stable, high-growth opportunity in a rapidly developing downtown area. The address is 1018-1020 Franklin Ave, Waco, TX 76701, in McLennan County. This retail property is classified as a commercial shopping center.

Location Insight

City

Waco

County

McLennan

State

Texas

Latitude

31.5512

Longitude

-97.1357

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