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724 Austin Ave

30,935 SF 86% Leased Retail Building Waco, TX 76701 For Sale

Investment Highlights

  • Located in the heart of Downtown Waco off of Austin Avenue
  • Historic icon of Waco
  • The event venue will continue to operate and increase traffic to the property

Executive Summary

The Waco Hippodrome is a Grand Spanish Colonial establishment located in downtown Waco where old-world allure meets state-of-the-art innovation. Originally built in 1914, this 100+ year old entertainment venue has been recently renovated and currently hosts first-run and classic films, live music and comedy concerts, plays for all ages and so much more. Turner Brothers will continue operating the event venue to increase traffic to the historic building for their tenants.   
The first floor space Suite 110, is a 3,745 square foot restaurant and bar located on the first floor of the Hippodrome. This space features a commercial kitchen and an outdoor seating area. There are also three storefront retail spaces that range from 1,646 to 2,339 square feet
The next space, Suite 210, is a bar and lounge located on the second floor of the historic building. This space is 1,509 square feet, features a commercial bar, and is conveniently located outside the primary theater.
Next to this space is Suite 220, 2,122 square feet of flex space located on the second floor. This gorgeous space could be used to accommodate a variety of uses and collapsing walls make the size adjustable as well.
The final space, Suite 310, is a rooftop restaurant and bar located on the third floor of the facility. This 2,446 square foot space features a commercial kitchen and outdoor seating.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
30,935 SF
Year Built/Renovated
1914/2017
Percent Leased
86%
Tenancy
Multiple
Number of Floors
3
Building FAR
1.82
Land Acres
0.39 AC
Opportunity Zone
Yes
Zoning
F1
Frontage
105 ft on Austin Avenue

Amenities

  • Restaurant
  • Accent Lighting

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 104
  • 2,824 SF
  • Light Industrial
  • -
  • Now

Storefront retail with all utilities and grease trap in place for restaurant. Rentable SF - 2,824 SF Load factor - 1.36 Delivered White Box

  • 202
  • 1,557 SF
  • Retail
  • -
  • Now

Suite 220 is 1,557 square feet of flex space located on the second floor.? This gorgeous space could be used to accommodate a variety of uses and collapsing walls make the size adjustable as well.? $8,500 /Month Full Service

Space Size Space Use Position Available
104 2,824 SF Light Industrial - Now
202 1,557 SF Retail - Now

104

Size
2,824 SF
Space Use
Light Industrial
Position
-
Available
Now

202

Size
1,557 SF
Space Use
Retail
Position
-
Available
Now

104

Size 2,824 SF
Space Use Light Industrial
Position -
Available Now

Storefront retail with all utilities and grease trap in place for restaurant. Rentable SF - 2,824 SF Load factor - 1.36 Delivered White Box

202

Size 1,557 SF
Space Use Retail
Position -
Available Now

Suite 220 is 1,557 square feet of flex space located on the second floor.? This gorgeous space could be used to accommodate a variety of uses and collapsing walls make the size adjustable as well.? $8,500 /Month Full Service

Walk Score ®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Pure Barre
L&l Hawaiian Barbecue
McAlister's Deli
Cava
Torchy's Tacos
Bank of America
Chase Bank
MOD Pizza
Dutch Bros
Hawaiian Bros Island Grill

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
48-014455-000200-0
Land Assessment
£336,386
Improvements Assessment
£2,626,151
Total Assessment
£2,962,537
  • Listing ID: 25973846

  • Date on Market: 20/06/2022

  • Last Updated:

  • Address: 724 Austin Ave, Waco, TX 76701

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