2501 Franklin Avenue
Waco, TX, 76710 $ 549,900
Bedrooms-- Baths-- Monthly Estimate*
$ 3,472
for $549,900. This building was built in 1950 on a lot size of 0.244.
OWNER FINANCE Available! Prime Commercial Opportunity on Waco's Franklin Avenue Corridor Position your business for success with this exceptional commercial property located on the highly traveled Franklin Avenue Corridor in the heart of Waco. Situated on a prominent corner lot with outstanding visibility and high daily traffic counts, this property offers the exposure your business deserves—plus flexible owner financing options to help make your investment a reality. Formerly home to the well-established David Gonzales Farmers Insurance Agency, this versatile building is ready for its next chapter. With a few cosmetic updates, the space can easily be transformed into a professional office, medical or dental practice, title company, salon, spa, boutique, café, restaurant, or a variety of retail or service-based businesses. Inside, you'll find a functional floor plan featuring a welcoming reception area that opens into a spacious common workspace, two private offices, two restrooms, and an additional waiting area or flex space that can be customized to fit your business needs. A reinforced concrete room—formerly used as a bank vault—provides unique opportunities for secure storage, records, inventory, or valuables. Outside, the property offers a fenced and secured parking area, ideal for businesses requiring protected vehicle storage, equipment security, or additional space for a storage building or workshop. Whether you're expanding your business, launching a new venture, or investing in one of Waco's most recognizable commercial corridors, this property offers location, flexibility, and tremendous potential. Owner financing terms available upon request. Showings by appointment only with a signed Buyer Representation Agreement or agency disclosure.
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FeaturesGeneralHeating Central Electric
Cooling Ceiling Fan(s) Central Air Electric
Utilities City Sewer City Water Curbs Electricity Available Electricity Connected Individual Water Meter Overhead Utilities
Ceiling Height 8 to10 Feet
Possession Closing/Funding
Roof Composition Flat Mixed Shingle Synthetic
Year Built 1950
Business Type Other
Property Subtype Business
Subdivision Name Glenwood
Accessibility Features Accessible Approach with Ramp Accessible Entrance
County McLennan
Property Type Commercial Sale
Construction Materials Concrete Stucco
Year Built Details Preowned
Status Active
Directions Use GPS
City Waco
Standard Status Active
Listing Terms Cash Conventional Lease Option Owner Will Carry
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ExteriorWaterfront 0
Lot Size Source Public Records
Parking Features Lighted Off Street Paved Secured
Lot Size Less Than .5 Acre (not Zero)
Foundation Slab
Building Area Total 1416.00
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InteriorFlooring Carpet Combination Laminate Linoleum
Total Stories 1
Total Units 1
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* Excluded FeaturesList ByArise Capital Real EstateBroker
Affordability Calculator
- Monthly Principal & Interest
- $3,472
- Monthly Property Taxes
- $369
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Waco, TX
Average List Price $962,993
Percent of Sale Price 75%
About Waco, TX 132,853 Population
14% Since 2002
$ 36,752 Median Income
30.74 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
288163 Elementary School
288375 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/6/2026 | $549,900 | | Listed Price |