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Shopping Strip

The Market on Washington Ave

1124 Washington Ave, Waco, TX 76701

Listing Price: $2,200,000

Cap Rate
9.14%
Gross SF
12,000
Rentable SF
12,000
Price/Gross SF
$183.33
Lot Size
0.64 acres
Year Built
2020

Investment Overview

Marcus & Millichap is pleased to present The Market on Washington Ave located at 1124 Washington Ave in Waco, TX 76701. This offering is a stabilized center with newer construction below cost of replacement. The center was renovated in 2020 with a rentable building area of 12,000 SF sitting on 0.64 acres of land. This nine-tenant property is 100 percent occupied and is located on a hard corner blocks away from Magnolia Market. The surrounding area includes Baylor University, Amazon, SpaceX and Baylor Scott and White Medical Facility.

Investment Highlights

  • Washington Ave has been converted into a Two-Way Street, Driving more Traffic to the Site
  • 55+ Parking Spaces Available
  • Population of 125,873 within 5 Miles

Exclusively Listed By

Shopping Strip

The Market on Washington Ave

Listing Price: $2,200,000

Cap Rate
9.14%
Gross SF
12,000
Rentable SF
12,000
Price/Gross SF
$183.33
Lot Size
0.64 acres
Year Built
2020

Investment Highlights

  • Washington Ave has been converted into a Two-Way Street, Driving more Traffic to the Site
  • 55+ Parking Spaces Available
  • Population of 125,873 within 5 Miles

Investment Overview

Marcus & Millichap is pleased to present The Market on Washington Ave located at 1124 Washington Ave in Waco, TX 76701. This offering is a stabilized center with newer construction below cost of replacement. The center was renovated in 2020 with a rentable building area of 12,000 SF sitting on 0.64 acres of land. This nine-tenant property is 100 percent occupied and is located on a hard corner blocks away from Magnolia Market. The surrounding area includes Baylor University, Amazon, SpaceX and Baylor Scott and White Medical Facility.

Exclusively Listed By

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