7420 Karl May Dr
Waco, TX 76708
71,200 SF Near Waco Regional Airport · Industrial Property For Lease · 71,200 SF

Located at 7420 Karl May Drive in Waco, Texas, this 71,200 SF industrial facility is available for sublease in a premier location directly adjacent to Waco Regional Airport. Sitting on approximately 4.76 acres and zoned M-2 Light Industrial, the property offers a rare opportunity for industrial, manufacturing, logistics, or aviation-related tenants seeking large-format space with heavy-duty infrastructure in one of Waco's most strategically positioned corridors. The property's location sets it apart in the Waco market. Situated adjacent to Waco Regional Airport, the facility offers meaningful synergy for businesses with aviation, freight, or shipping components — providing convenient access to air logistics that few industrial properties in the region can match. Combined with easy accessibility to Interstate 35, this location delivers both regional connectivity and last-mile efficiency for a wide range of industrial operators. The facility is exceptionally well-equipped for heavy industrial operations, featuring 480-voltheavy three-phase power throughout, two runway overhead cranes, and natural gas service to the property. The property includes one dock well and two dock doors, along with a partially fenced yard area suitable for outdoor storage and laydown. The front main office area, spanning approximately 9,000 SF, has seen recent renovations — providing a polished, move-in ready administrative environment alongside the warehouse floor. This property is available on a sublease basis, underpinned by a long-term land lease held with the City of Waco running through 2046, with discussions of extension options currently underway. This structure provides an uncommon level of stability and tenure for an incoming subtenant, while the City of Waco's involvement as the ground lessor adds a layer of credibility and potential additional benefits unique to this arrangement. The property is offered at $5.00/SF Gross. For more information on this and our other available listings, please call our office at 254.870.0050 or visit us online at OnwardCRE.com today!