724 Austin AveWaco, TX 76701

Property Details for 724 Austin Ave

Year built

1914

Construction

BRICK

Lot size

0.39 AC

Property size (Sq ft)

33,192 SF

Zone code

2007 TIF

Property type

Commercial real estate

APN

480144550002000

APU

480144550002000

Description

This exceptional Class A executive office space, located in Johnson County, presents a unique opportunity for a single tenant to occupy the entire 21,049 square foot building. The property is currently vacant and ready for immediate occupancy, offering unparalleled flexibility for a business seeking a prestigious and expansive location. The building's "A" classification signifies its high-quality construction, modern amenities, and desirable location within Johnson County's thriving business community. The single-tenant occupancy ensures complete control and privacy, ideal for a company requiring a substantial and dedicated workspace. This presents a rare chance to secure a significant footprint in a highly sought-after area, allowing for customized interior design and layout to perfectly suit your operational needs. The ample square footage provides ample room for various departments, collaborative spaces, and private offices, catering to a diverse range of business requirements. The property's strategic location within Johnson County offers easy access to major transportation routes, ensuring convenient commutes for employees and clients alike. This is an exceptional opportunity for a company seeking a prominent and functional headquarters in a prime Johnson County location. Don't miss this chance to establish your business in this impressive, ready-to-occupy space. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $7,596,460

  6.5%

  $7,012,110

  7%

  $6,511,250

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,197,880

  Geo Method

  $9,937,350

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $13,559,900

  Retail / Commercial

  $7,001,480

  Mixed-Use / Specialty

  $7,014,360

  Hospitality / Lodging

  $5,195,490

  Office

  $7,012,110

  Institutional / Educational

  $7,305,640

  Residential Income

  $8,547,600

  Multifamily

  $10,041,700

  Automotive / Energy

  $6,261,980

  Parking / Income-Based Land

  $2,123,540

  Restaurant / Food Service

  $3,729,000

  Healthcare / Senior Housing

  $7,154,290

Location Insight

City

Waco

County

Mclennan

State

Texas

Latitude

31.5544

Longitude

-97.134

CBSA code

47380

CBSA name

WACO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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