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$700,000

2200 Ross Ave, Waco, TX, 76706

On MarketInfo
Just AddedInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths11,590 Sq Ft
BusinessBusiness
Year BuiltBuilt in 1965

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
HeatingHeating
CoolingCooling
FlooringCarpet, Ceramic Tile, Laminate, Linoleum, Painted/Stained, Vinyl

Exterior

Lot Size29,098 sqft

Building Information

Year Built1965
Stories1
Roof Type105

Land Information

APN480037000103000
Lot Number1-3
SubdivisionBell J D
Land UseCommercial
Legal DescriptionBELL J D LOT 1 2 3 4B A (TR A= ALLEY 20' X 165) BLOCK 11 ACRES .668
Census Tract000598
Assessed Land Value$29,100
Assessed Improvement Value$310,410
Assessment Year2025

About this property

Opportunities of this scale rarely come to market. Situated prominently on a corner lot with over half an acre, this landmark property boasts more than 11,000 square feet of versatile space. Designed to support a thriving congregation and dynamic community outreach, the facility blends grand gathering areas with highly functional administrative and educational wings. An expansive dedicated parking lot and excellent street visibility ensure it is ready to welcome a substantial community. At the heart of the facility is the magnificent main sanctuary. This open-concept worship space features impressive volume and excellent lines of sight, creating an atmosphere perfectly suited for weekly services, large-scale conferences, weddings, or concerts. Directly supporting the sanctuary is a massive, oversized fellowship hall. This versatile space acts as the social hub of the campus, ideal for hosting banquets, community outreach programs, or recreational activities. Recognizing the importance of youth programming, the building features a dedicated wing for children’s ministries. Multiple secure rooms offer flexible layouts for Sunday school, youth groups, or a weekday daycare. For the leadership team, a quiet administrative wing provides multiple private offices for counseling and daily operations. If you're looking to expand a ministry, this property offers the square footage, parking, and premier corner location to turn that vision into reality.

Investor Tools

$210,429Estimated Mortgage Balance
$129,081Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,200 /month
Positive
Cash Flow Estimate:
$1,400 /month

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CIF Real Estate Services, Inc.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$555/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$339,510
2025
$29,100
$310,410
$339,510
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$339,510

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prime Overnight Logistics Llc
Open End Mortgage / Open End With Future Advance Clause
$230,000
No
First
Jan 31, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$210,429
$129,081
38%
62%
$1,379/mo

City: Waco

2200 Ross Ave | Property Details | No Agent List