1516 Waco DrWaco, TX 76704

Property Details for 1516 Waco Dr

Year built

1961

Construction

CONCRETE BLOCKS

Lot size

0.32 AC

Property size (Sq ft)

1,581 SF

Zone code

C2

Property type

Commercial real estate

APN

480350000032000

APU

480350000032000

Description

This exceptional 1,581 square foot flex space in Waco, Texas, is situated on a 0.31-acre lot and offers a unique blend of functionality and accessibility. Previously used as an auto mechanic shop, the property boasts four 10' x 10' roll-up doors, ideal for easy equipment and vehicle access. The 14-foot ceiling height and open layout provide ample space for a variety of uses, from light industrial operations to storage. Inside, you'll find a convenient single restroom and a dedicated office space. The property's C-3 General Commercial zoning allows for diverse business applications. Its prime location ensures high visibility, attracting customers and clients. The ample yard space offers additional functionality, perfect for outdoor work areas or vehicle storage. Built in 1961, this single-story building presents a compelling opportunity for businesses seeking a versatile and highly accessible space in a thriving Waco location. The asking price is $185,000, translating to $117.01 per square foot. The address is 1516 E Waco Dr, Waco, TX 76704.

• CAP approach

  CAP return

  Valuation

  6%

  $350,388

  6.5%

  $323,435

  7%

  $300,333

• Comparable approach

  Method

  Valuation

  Relative Method

  $194,450

  Geo Method

  $473,336

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $626,743

  Retail / Commercial

  $323,353

  Mixed-Use / Specialty

  $323,747

  Hospitality / Lodging

  $239,537

  Office

  $323,435

  Institutional / Educational

  $337,120

  Residential Income

  $394,430

  Multifamily

  $464,483

  Automotive / Energy

  $288,960

  Parking / Income-Based Land

  $98,188.20

  Restaurant / Food Service

  $171,685

  Healthcare / Senior Housing

  $330,411

Location Insight

City

Waco

County

Mclennan

State

Texas

Latitude

31.5809

Longitude

-97.1186

CBSA code

47380

CBSA name

WACO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].