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Investment Highlights

  • New Roof (2026) — major capital expense already done
  • 3 Grade Level Doors 10'x10' — move-in ready for operational tenants
  • Interior buildout in progress — opportunity to customize to tenant/buyer specs

Executive Summary

The Onward Real Estate Team is pleased to present this versatile commercial building located along East Waco Drive (US Highway 84) in Waco, Texas.
Offering 1,581 square feet on 0.31 acres, the property features three grade-level roll-up doors, each measuring 10' x 10', making it well-suited for retail, light distribution, or service-oriented uses.
A new roof was installed in 2026, eliminating a major capital expense for the incoming owner or tenant. Interior build-out is currently in progress, offering the opportunity to customize the space to buyer or tenant specifications.
The property benefits from outstanding visibility and accessibility, situated just off US-84 with direct exposure to approximately 10,000 vehicles per day. Interstate 35 runs nearby with traffic counts exceeding 97,000 vehicles per day, placing this property within one of Waco's strongest commercial corridors.
An ideal starter investment or owner-user opportunity. Contact the Onward Real Estate Team at (254) 870-0050 or visit us at onwardcre.com.

Property Facts

Price $184,900
Price Per SF $116.95
Sale Type Investment or Owner User
Property Type Flex
Property Subtype
Light Distribution
  • General Retail Freestanding
Building Class C
Lot Size 0.31 AC
Rentable Building Area 1,581 SF
No. Stories 1
Year Built 1961
Tenancy Single
Clear Ceiling Height 12’
Zoning C-3 - General Commercial

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Floor
  • 1,581 SF
  • Retail
  • -
  • Now
Space Size Space Use Build-Out Available
1st Floor 1,581 SF Retail - Now

1st Floor

Size
1,581 SF
Space Use
Retail
Build-Out
-
Available
Now
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
48-035000-003200-0
Land Assessment
$60,180
Improvements Assessment
$22,490
Total Assessment
$82,670
  • Listing ID: 40544349

  • Date on Market: 5/15/2026

  • Last Updated:

  • Address: 1516 E Waco Dr, Waco, TX 76704

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