Flexible Turnkey Corner Retail/Office 400 N 23rd St 144 m² Inoccupé Local commercial Vente aux enchères en ligne Waco, TX 76707

Realize the untapped potential of this high-traffic roadside retail/office facility offering prime highway frontage in Waco, Texas, at 400 N 23rd Street. Spanning 1,554 square feet with a flexible layout and zoned O-3, this opportunity presents an ideal option for businesses serving the local community, such as grocery stores, coffee shops, and bakeries, as well as professional offices and community service businesses, including daycares or fitness centers.

400 N 23rd Street presents a move-in-ready asset with a versatile floor plan. A bright lobby welcomes employees and clients, leading into a broad open space with hardwood floors, wide column spacing, and large windows for rich natural lighting. Supporting operations, the building is also equipped with a comfortable break room, storage space, and ADA-compliant restrooms. Situated on a landscaped 0.17-acre hard-corner lot, the property includes on-site surface parking for 10 vehicles, with an accessibility ramp leading from the parking lot to the covered entryway. Prime placement fronting Waco Drive/Highway 84 provides the new property owner with exceptional brand exposure to more than 24,000 cars each day, delivering strong potential to introduce new signage.

In addition to several popular local restaurants and retailers surrounding the property, employees working at 400 N 23rd Street enjoy quick access to Waco’s best amenities. Within just 10 minutes of the property, workers can enjoy the walkable streets of Downtown Waco and the Waco Riverwalk, explore history at the Texas Sports Hall of Fame and the Texas Rangers Hall of Fame and Museum, and enjoy beautiful outdoor spaces at Cameron Park and several nearby high-quality golf courses. The property also enjoys quick connections to Interstate 35 in just seven minutes, allowing travel to and from Dallas in 90 minutes and Austin in under two hours.

Delivering a strong environment for new investment or business expansion, Waco displays stable, upward-trending performance in both the office and retail submarkets. Retail vacancies currently sit at just 8%, while office vacancies are at just 4.4%. No space is currently under construction for either property type, driving consistent rent growth, which has averaged 3.1% annually over the past five years for both retail and office properties. This provides elevated potential revenue to investors, while business owners can seek to avoid growing rents by acquiring their own facility.

Waco has shown remarkable growth in population and jobs during recent years. Within just 3 miles of 400 N 23rd Street, the population of more than 139,000 has grown by over 8% since 2020. The area delivers a large daytime workforce of more than 89,000, and with over 21% carrying a bachelor’s degree or higher, there is no shortage of qualified new talent to support effortless business growth. The workforce pipeline is also enhanced by Baylor University, located just 10 minutes away, with a total enrollment of more than 20,000 students.

Don’t miss this rare chance to acquire a versatile commercial facility with a prime, high-traffic location and a functional floor plan ideal for both retail and office businesses at 400 N 23rd Street.

Property tours are by appointment only. Please contact the listing broker to schedule.