5500 Franklin Ave 15,000 SF Retail Building Waco, TX 76710 $1,400,000 ($93.33/SF)

Property Summary:
Asking Price: $1,400,000.00 Property Condition: C Parking Number: 31
Property Type: Retail Building Status: Existing Parking (Handicap): 2
Sale Type: Owner User Total Floors: 2 Surface:Concrete
Total Available Area: 15,000 SF Year Build: 1986 Docks: 2
Land Area: .56 Acres Zoning: M- 2
Property Overview:
The property at 5500 Franklin Avenue, Waco, Texas is a 15,000-square-foot commercial building situated on approximately 0.56 acres. Constructed in 1986, this two-story structure features durable tilt-wall construction and a concrete parking lot with 31 spaces, including 2 ADA-compliant spots. Positioned along Franklin Avenue, one of Waco’s key commuting corridors, the site enjoys high traffic counts and exceptional visibility.
This versatile property is currently home to a well-established archery and sporting goods store, with both pistol and archery ranges located on the second floor. Standard 12-foot ceilings and a flexible layout provide future adaptability for a variety of uses.
Designed to support both business operations and office functions the property includes six offices & kitchenette with the main office featuring a private bathroom and shower. There are five ADA-compliant bathrooms located throughout the building for user convenience. For logistics and operations, the facility is equipped with two overhead grade-level doors.
A distinctive feature is the 288 SF weatherproof bunker, ideal for secure storage or specialty use. This property is 100% owner-occupied and offers a rare opportunity, this property offers a rare opportunity for an owner-user or investor seeking a custom-built, multi-functional space in a high-growth market.
Location Overview:
Waco, Texas: A Thriving Central Texas Hub:
Situated along Interstate 35, Waco, Texas, is a rapidly growing city strategically located between Dallas and Austin. Known for its strong economy, rich history, and vibrant tourism industry, Waco offers a dynamic mix of business opportunities and lifestyle amenities.
Home to Baylor University, Waco attracts a steady influx of students, professionals, and visitors, fueling demand for retail, commercial, and residential developments. The city is also famous for Magnolia Market at the Silos, drawing millions of visitors annually, along with attractions like the Dr Pepper Museum, Cameron Park Zoo, and the Texas Ranger Hall of Fame.
With a diverse economy driven by healthcare, education, manufacturing, and logistics, Waco benefits from a business-friendly environment, affordable real estate, and continued infrastructure growth. Its central location and strong transportation networks make it an ideal spot for commerce and investment, offering excellent accessibility for businesses and residents alike.
M-2 Zoning:
In Waco, Texas, the M-2 Light Industrial District is designated to accommodate a broad range of industrial activities that operate without causing nuisances to surrounding areas. This zoning classification permits various industrial and compatible related uses.
For a comprehensive understanding of the M-2 zoning regulations, including a detailed list of permitted uses and development standards, please refer to the City of Waco's Code of Ordinances.