EOAC Building | 500 Franklin Ave
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EOAC Building 500 Franklin Ave
21,326 SF Vacant Light Industrial Building Waco, TX 76701 For Sale
Investment Highlights
- On-site private parking and adjacent to public parking garage
- Located within both a TIF Zone and Opportunity Zone.
- Ready for owner-user, leasehold occupancy or redevelopment opportunity
Executive Summary
"Franklin Avenue is one of Downtown Waco's most traveled streets and 5th Street serves as a primary vehicle and pedestrian connector between downtown's two primary entertainment districts. This re-development opportunity offers the flexibility to purchase a leasable office building and/or completely revitalize a professional office or mixed-use downtown development.
The property offers the opportunity for ground floor, storefront retail along 5th Street and Franklin Ave with residential or office redevelopment of the second and third floors. This property is strategically located between the federal and county courthouses and surrounded by food, beverage and entertainment retailers. On-site, gated, exclusive parking services this building accompanied by ample street parking and public garage parking at the intersection. * DO NOT DISTURB EXISTING TENANT * "
The property offers the opportunity for ground floor, storefront retail along 5th Street and Franklin Ave with residential or office redevelopment of the second and third floors. This property is strategically located between the federal and county courthouses and surrounded by food, beverage and entertainment retailers. On-site, gated, exclusive parking services this building accompanied by ample street parking and public garage parking at the intersection. * DO NOT DISTURB EXISTING TENANT * "
Property Facts
| Sale Type | Investment or Owner User | Rentable Building Area | 21,326 SF |
| Property Type | Light Industrial | Number of Floors | 3 |
| Property Subtype | Showroom | Year Built/Renovated | 1987/1990 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.46 AC |
| Sale Type | Investment or Owner User |
| Property Type | Light Industrial |
| Property Subtype | Showroom |
| Building Class | C |
| Lot Size | 0.46 AC |
| Rentable Building Area | 21,326 SF |
| Number of Floors | 3 |
| Year Built/Renovated | 1987/1990 |
| Opportunity Zone |
Yes |
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Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 48-015300-001200-2 | Improvements Assessment | £573,311 |
| Land Assessment | £124,267 | Total Assessment | £697,579 |
PROPERTY TAXES
Parcel Number
48-015300-001200-2
Land Assessment
£124,267
Improvements Assessment
£573,311
Total Assessment
£697,579
zoning
| Zoning Code | 2007 TIF |
| 2007 TIF |
-
Gregg Glime, SIOR, CCIM -
Cromwell Commercial Group
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EOAC Building | 500 Franklin Ave
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