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915 Webster Ave
Waco, TX 76706
Mixed- Use Development · Land For Sale
·
2.81 AC


Investment Highlights
- Rare ±2.81-acre infill development site in downtown Waco.
- Immediate access to Interstate 35 and regional growth corridors.
- Zoned C-4 Central Commercial District for flexible mixed-use development.
- Positioned within an active downtown redevelopment district.
Executive Summary
The property is located approximately one mile from Baylor University, which enrolls more than 20,000 students, and just two blocks from Magnolia Market at the Silos, one of Texas' most recognized tourism destinations. This location places the site within a highly active urban environment supported by a blend of education, tourism, healthcare, retail, and employment drivers. Downtown Waco has experienced significant revitalization through public and private investment, creating a walkable mixed-use district with expanding dining, entertainment, hospitality, and residential activity.
The site's strategic position is further enhanced by ongoing redevelopment initiatives throughout downtown Waco, including planned convention, hospitality, entertainment, and riverfront improvements. Utilities are available to the property, and the flexible zoning framework provides developers with an opportunity to capitalize on growing demand for residential, hospitality, retail, office, or mixed-use projects. With limited infill land opportunities remaining in the urban core, the property presents a compelling opportunity to participate in the continued transformation of downtown Waco.
Property Facts
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 2.81 AC |
| Property Type | Land | No. Stories | 1 |
| Property Subtype | Commercial | Opportunity Zone |
Yes
|
| Zoning | C-4 - Central Commercial District | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 2.81 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | C-4 - Central Commercial District |
1 Lot Available
Lot
| Lot Size | 2.81 AC |
| Lot Size | 2.81 AC |
±2.81-acre mixed-use development site in downtown Waco with C-4 zoning and utilities available. Located near Baylor University, Magnolia Market, and I-35, offering exceptional potential for residential, hospitality, retail, or mixed-use development.
Description
The property consists of approximately ±2.81 acres of vacant land located at 915 Webster Avenue in Waco, McLennan County, Texas. The site is zoned C-4 Central Commercial District and is identified as Parcel 162458. Water and wastewater service are provided by the City of Waco, and electric service is available from Oncor. The property is located within downtown Waco near Interstate 35, Baylor University, Magnolia Market at the Silos, and the Brazos River corridor. The surrounding area includes educational, healthcare, hospitality, retail, and commercial uses.
Property Taxes
| Parcel Number | 48-002200-001502-1 | Improvements Assessment | $16,589 |
| Land Assessment | $2,041,351 | Total Assessment | $2,057,940 |
