Skip to main content

Mixed-Use

Geyser Ice Redevelopment

927 Webster Ave, Waco, TX 76706

Listing Price: Request For Offer

Lot Size
3.41 acres
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to present the Geyser Ice Redevelopment, a 3.41-acre full city block development opportunity located in the heart of downtown Waco, Texas. The subject property is located at 927 Webster Avenue, Waco, Texas and is the former home to the Geyser Ice Company. The remnants of the plant remain on the property, which was originally built in 1892 to supply ice for trains to load perishable goods, the existing building on the site is also one of Waco's oldest commercial structures. The subject property was also once owned by beer magnate Adolphus Busch, who also once owned the an Anheuser-Busch Brewing Company distribution center next to the property. Fast forward to today, the subject property sits primed for redevelopment for a multitude of different commercial uses and proximate to some of the most popular attractions in the city of Waco. The subject property is located adjacent to the famous Magnolia Market at the Silos, a massive tourist attraction that boasts an estimated 30,000 visitors per week. The property is also proximate to Baylor University, which features a 1,000-acre campus, making it the largest Baptist university in the world. The university also features a total enrollment of over 20,000 students (undergraduate and graduate) as of Fall 2021. Baylor's popular athletic teams also attract massive amounts of fans during the various sport seasons, the university is a member of the Big 12 Conference in the NCAA Division I. The city of Waco, Texas was originally founded in 1849 and is situated on the Interstate 35 corridor between Dallas and Austin. The city is the birthplace of Dr. Pepper, the Texas Ranger Hall of Fame and Museum, and the Texas Sports Hall of Fame. Educational institutions include Baylor University, Texas State Technical College, and McLennan Community College. The city also boasts on of the biggest and best municipal parks in Texas, known as Cameron Park, which spans across 416 acres. In addition to tourism and education, the greater Waco market features a young, talented workforce of over 400,000 individuals. The city is located in the direct growth path of the "Texas Triangle Mega Region, made up of Dallas-Fort Worth, Austin, San Antonio, Waco, and Houston, which is anticipated to grow to over 25 million people by 2050. (waco-texas.com) Overall, the Geyser Ice Redevelopment offers and investor or developer the rare opportunity to acquire a full city block, primed for new development in one of Texas' fasted growing cities. The 3.41-acre development site is located in the heart of downtown Waco and is located within walking distance to the Magnolia Market and several other new developments. The C-4 (Central Commercial District) zoning is favorable for multiple new development uses, allowing for a wide-range of potential options to drive new commerce opportunities in this growing submarket.

Investment Highlights

  • Rare Full City Block Development Opportunity | Located in the Heart of Downtown Waco
  • 3.41-AC Total Land Size | Zoned C-4 (Central Commercial District)
  • Proximate to Magnolia Silos & Baylor University
  • Located in a Qualified Opportunity Zone

Exclusively Listed By

Financing By

Mixed-Use

Geyser Ice Redevelopment

Listing Price: Request For Offer

Lot Size
3.41 acres
Land Type
Land

Investment Highlights

  • Rare Full City Block Development Opportunity | Located in the Heart of Downtown Waco
  • 3.41-AC Total Land Size | Zoned C-4 (Central Commercial District)
  • Proximate to Magnolia Silos & Baylor University
  • Located in a Qualified Opportunity Zone

Investment Overview

Marcus & Millichap is pleased to present the Geyser Ice Redevelopment, a 3.41-acre full city block development opportunity located in the heart of downtown Waco, Texas. The subject property is located at 927 Webster Avenue, Waco, Texas and is the former home to the Geyser Ice Company. The remnants of the plant remain on the property, which was originally built in 1892 to supply ice for trains to load perishable goods, the existing building on the site is also one of Waco's oldest commercial structures. The subject property was also once owned by beer magnate Adolphus Busch, who also once owned the an Anheuser-Busch Brewing Company distribution center next to the property. Fast forward to today, the subject property sits primed for redevelopment for a multitude of different commercial uses and proximate to some of the most popular attractions in the city of Waco. The subject property is located adjacent to the famous Magnolia Market at the Silos, a massive tourist attraction that boasts an estimated 30,000 visitors per week. The property is also proximate to Baylor University, which features a 1,000-acre campus, making it the largest Baptist university in the world. The university also features a total enrollment of over 20,000 students (undergraduate and graduate) as of Fall 2021. Baylor's popular athletic teams also attract massive amounts of fans during the various sport seasons, the university is a member of the Big 12 Conference in the NCAA Division I. The city of Waco, Texas was originally founded in 1849 and is situated on the Interstate 35 corridor between Dallas and Austin. The city is the birthplace of Dr. Pepper, the Texas Ranger Hall of Fame and Museum, and the Texas Sports Hall of Fame. Educational institutions include Baylor University, Texas State Technical College, and McLennan Community College. The city also boasts on of the biggest and best municipal parks in Texas, known as Cameron Park, which spans across 416 acres. In addition to tourism and education, the greater Waco market features a young, talented workforce of over 400,000 individuals. The city is located in the direct growth path of the "Texas Triangle Mega Region, made up of Dallas-Fort Worth, Austin, San Antonio, Waco, and Houston, which is anticipated to grow to over 25 million people by 2050. (waco-texas.com) Overall, the Geyser Ice Redevelopment offers and investor or developer the rare opportunity to acquire a full city block, primed for new development in one of Texas' fasted growing cities. The 3.41-acre development site is located in the heart of downtown Waco and is located within walking distance to the Magnolia Market and several other new developments. The C-4 (Central Commercial District) zoning is favorable for multiple new development uses, allowing for a wide-range of potential options to drive new commerce opportunities in this growing submarket.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower