203 Lacy DrWaco, TX 76705

Property Details for 203 Lacy Dr

Year built

1969

Construction

CONCRETE BLOCKS

Lot size

0.25 AC

Property size (Sq ft)

4,028 SF

Zone code

C

Property type

Commercial real estate

APN

200311000003001

APU

200311000003001

Description

This exceptional 4,028 square foot retail space at 203 N Lacy Dr, Waco, TX 76705 presents a unique investment opportunity. Situated on a 0.246-acre lot in a high-traffic area, this single-tenant property offers immense potential for a variety of businesses. Built in 1969, the building boasts a single story, encompassing the entire 4,028 square feet. The property's zoning is classified as "C," making it suitable for a wide range of commercial uses. Its versatile layout and ample parking provide an attractive environment for customers. The property's location in Waco, Texas, offers access to a thriving community and strong consumer base. This is an ideal space for entrepreneurs seeking a blank canvas to establish their business. The property's single-story design and ample square footage provide flexibility for various business models, from restaurants and venues to salons and other innovative ventures. This is a chance to acquire a well-positioned retail space in a dynamic market. The property is ready for immediate occupancy, allowing for a swift start to your business operations. Don't miss this chance to secure a prime location in Waco's bustling commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $892,598

  6.5%

  $823,937

  7%

  $765,084

• Comparable approach

  Method

  Valuation

  Relative Method

  $495,360

  Geo Method

  $1,205,940

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,596,610

  Retail / Commercial

  $823,732

  Mixed-Use / Specialty

  $824,734

  Hospitality / Lodging

  $610,209

  Office

  $823,937

  Institutional / Educational

  $858,799

  Residential Income

  $1,004,790

  Multifamily

  $1,183,260

  Automotive / Energy

  $736,113

  Parking / Income-Based Land

  $250,133

  Restaurant / Food Service

  $437,356

  Healthcare / Senior Housing

  $841,711

Location Insight

City

Waco

County

Mclennan

State

Texas

Latitude

31.6253

Longitude

-97.1065

CBSA code

47380

CBSA name

WACO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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