2116 Columbus AveWaco, TX 76701

  • Land
  • 0.90 AC
For Sale
$784,080 View listing

Property Details for 2116 Columbus Ave

Lot size
0.90 AC
Zone code
O2
Property type
Land
Property subtype
Commercial land
APN
480167000021032
APU
480167000021032

Description

This exceptional 0.9-acre lot at 2116 Columbus Ave, Waco, TX 76701, presents a unique development opportunity. Boasting 39,204 square feet of space and a 35-foot ceiling height, this warehouse property is zoned O-3, allowing for diverse uses. The property benefits from its strategic location within a Tax Increment Financing (TIF) zone designated by the City of Waco, offering potential incentives for development. Its prime location is surrounded by residential and commercial developments, providing excellent visibility and accessibility. The property enjoys significant road frontage: 237 feet on Columbus Avenue and 230 feet on Washington Avenue, ensuring convenient access. Easy access to Waco Drive and Franklin Avenue further enhances its appeal. Given the scarcity of development land in downtown Waco, this almost one-acre lot represents a rare and valuable investment opportunity. The high-density residential zoning opens doors to a variety of development possibilities. This property is priced at $784,080.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $9,061,705
    Hospitality
    $8,300,472
    Educational
    $6,905,896
    Medical
    $7,143,400
    Retail
    $10,742,505
2116 Columbus Ave, Waco, Texas

Location Insight

City
Waco
County
Mclennan
State
Texas
Latitude
31.5447
Longitude
-97.1489
CBSA code
47380
CBSA name
WACO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$3,032
$135,250
-
$135,250
-
$135,250
-
$135,250

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