901 Columbus AveWaco, TX 76701

Property Details for 901 Columbus Ave

Year built

1981

Lot size

1.13 AC

Zone code

2007 TIF

Property type

Commercial real estate

APN

480159000013010

APU

480159000013010

Description

This exceptional 2.57-acre vacant land parcel, located at 901 Columbus Ave in Waco, Texas (76701), presents a remarkable investment opportunity. Boasting 111,949 square feet and a C-3 zoning designation, this property offers significant mixed-use development potential. Situated in the heart of downtown Waco, it enjoys prominent street frontage on four sides, encompassing two full city blocks. The site is ideally positioned near Baylor University, the vibrant downtown entertainment district, and the proposed Magnolia-branded hotel, capitalizing on the area's explosive growth. The property's planned development includes 100 units with ample surface parking. With a land value of $12.51 per square foot and an asking price of $2,000,000, this is a rare chance to acquire a large, strategically located development tract in one of Texas's most dynamic urban centers. The property is surrounded by new developments, underscoring its prime location and future potential. This is a truly unique opportunity for developers seeking to create a significant project in a thriving market.

• Alternative Use

  Use

  Valuation

  Residential

  $11,377,520

  Hospitality

  $10,421,747

  Educational

  $8,670,771

  Medical

  $8,968,972

  Retail

  $13,487,866

Location Insight

City

Waco

County

Mclennan

State

Texas

Latitude

31.5554

Longitude

-97.138

CBSA code

47380

CBSA name

WACO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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