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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

Downtown Waco Development Opportunity offers a rare ±2.81-acre mixed-use development site in the heart of downtown Waco, Texas. Positioned along the Interstate 35 corridor between Dallas-Fort Worth and Austin, the property benefits from exceptional regional accessibility and proximity to two of the fastest-growing metropolitan areas in Texas. Zoned C-4 Central Commercial District, the site is aligned with the city's vision for continued downtown growth and supports a wide range of mixed-use development possibilities.
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
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
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

±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

Property Taxes

Parcel Number
48-002200-001502-1
Land Assessment
$2,041,351
Improvements Assessment
$16,589
Total Assessment
$2,057,940
  • Listing ID: 41447833

  • Date on Market: 7/27/2026

  • Last Updated:

  • Address: 915 Webster Ave, Waco, TX 76706

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