1612 Speight AveWaco, TX 76706

Property Details for 1612 Speight Ave

Year built

1930

Lot size

0.20 AC

Property size (Sq ft)

926 SF

Zone code

C-3

Property type

Commercial real estate

APN

480029000018007

APU

480029000018007

Description

This exceptional ground lease opportunity presents a unique investment prospect in the thriving heart of Waco, Texas. Situated at 1612-1614 Speight Avenue, this property offers one available space and boasts unparalleled visibility due to its proximity to Interstate 35 and Baylor University. The location provides easy access via convenient on and off ramps, ensuring high traffic volume. This prime real estate benefits from its central location within a rapidly developing area, surrounded by significant recent investments. Nearby developments include a 1+ million square foot Amazon Fulfillment Center, the Top Golf & Cinemark Master Development, a $10 million expansion of the Magnolia Silo Grounds, a $266 million Baylor Football Stadium, and a $100 million Promenade Riverfront Development. The property's strategic position ensures exposure to a diverse and substantial customer base, including Baylor students, faculty, tourists, and patrons of the vibrant downtown entertainment scene. This ground lease in McLennan County, Texas (zip code 76706) presents a compelling opportunity for investors seeking high-visibility commercial land in a dynamic and growing market. The property is categorized as Land with a Ground Lease tenancy type.

• Alternative Use

  Use

  Valuation

  Residential

  $207,285

  Hospitality

  $189,872

  Educational

  $157,971

  Medical

  $163,404

  Retail

  $245,733

Location Insight

City

Waco

County

Mclennan

State

Texas

Latitude

31.5361

Longitude

-97.1285

CBSA code

47380

CBSA name

WACO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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