2.18 Acres Lot
2.18 Acres Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision Lake Air Center
MLS Listing ID 21055384
Total Fin. Sqft 31374
Year Built 1978
Annual Tax Amount $58,699
Lot Size 2.180 Acres
Acres 2.18
Property Sub-Type Office
Property Description
Exceptional opportunity to acquire a 31,000 SF multi-tenant office portfolio in the heart of Waco's fast-growing I-35 corridor market. The property is 100% occupied with a diversified tenant mix, providing immediate income and long-term stability. Priced well below replacement cost, this investment offers strong rent growth potential.
The portfolio's central location provides excellent visibility and accessibility, making it a strong fit for a wide range of users. This asset is well-suited for local and regional investors, 1031 exchange buyers, or owner-occupants planning for future expansion. With Waco's steady economic base and strategic position along the I-35 growth corridor, this offering delivers both dependable cash flow and future upside.
Location
State TX
County Mclennan
Zoning O-1
Direction Lake Air Dr and Lakewood Dr.
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Carpet, Luxury Vinyl Plank, Tile
Heat Source Central, Electric
Exterior
Utilities Available Asphalt, City Sewer, City Water, Curbs, Electricity Connected, Master Water Meter
Roof Type Other
Garage No
Building
Foundation Slab
Structure Type Brick,Concrete
Others
Ownership Fentress - Humphreys Co, Humphreys - Fentress Co
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21055384
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Agent | License ID: 0722821