Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Street View of property
Street View
Days29Days on Market
Views24view

$549,900

2501 Franklin Ave, Waco, TX, 76710

On MarketInfo
CommercialInfo
Baths0 Bath
Baths1,416 Sq Ft
BusinessBusiness
Year BuiltBuilt in 1950

Highlights

Interior

Bathrooms 0Bathrooms 0
HeatingHeating
CoolingCooling
FlooringCarpet, Combination, Laminate, Linoleum

Exterior

Lot Size10,624 sqft

Building Information

Year Built1950
Stories1
Roof Type183

Land Information

APN480200000280000
Lot NumberB5
SubdivisionGlenwood
Land UseCommercial
Legal DescriptionGLENWOOD LOT B5 B6 & B7 BLOCK 46 ACRES .2439
Census Tract000700
Assessed Land Value$70,130
Assessed Improvement Value$126,780
Assessment Year2025

About this property

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.

Investor Tools

Property Icon
$196,910
Estimated Property Value
$70,400Estimated Mortgage Balance
$140,776Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,299 /month
Positive
Cash Flow Estimate:
$1,100 /month

Interested in this property?

Reyna Reyes

Arise Capital Real Estate

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$453/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,448
$196,910
2025
$70,130
$126,780
$196,910
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,448
$196,910

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Central National Bank
Commercial
$70,400
No
First
Oct 4, 2007
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$56,134
$140,776
71%
29%
$620/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Waco

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

2501 Franklin Ave | Property Details | No Agent List