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$1,400,000

520 Elm Street, Waco, TX, 76704

On MarketInfo
Just AddedInfo
CommercialInfo
Beds Beds
Baths Bath
Baths4,980 Sq Ft
BusinessBusiness
Year BuiltBuilt in 1928

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
HeatingHeating
CoolingCooling
FlooringLaminate, Tile

Exterior

Lot Size5,750 sqft

Building Information

Year Built1928
Stories1
Roof Type183

Land Information

APN480346000077016
Lot Number5
SubdivisionRenick
Land UseCommercial
Legal DescriptionRENICK LOT 5 BLOCK 13 ACRES .132
Census Tract001500
Assessed Land Value$28,750
Assessed Improvement Value$170,690
Assessment Year2025

About this property

AMAZING OPPORTUNITY TO OWN YOUR OWN EVENT CENTER NEAR DOWNTOWN WACO, TEXAS!! The Brazos Event Center, a historic 1928 building located at 520 Elm Ave, Waco, TX 76704, is currently available as a commercial real estate opportunity in the rapidly developing Elm Avenue District. Situated in a Public Improvement District, the venue is minutes away from key Waco landmarks including the Alico Building, McLane Stadium, Baylor University campus, Spice Village, The Backyard and the Magnolia Silos. Downtown Waco is the location of The Waco Hilton, Aloft Hotel, Hotel Indigo Waco, the Suspension Bridge, Indian Springs Park and many popular restaurants and bars and more! The Brazos Event Center is part of a significant revitalization effort in the Elm Avenue corridor: improved streets which are adorned with new decorative lampposts and new sidewalks with railings are just some of the improvements. This site is situated near the broader $1.4 billion Downtown Waco redevelopment initiative, which includes a new convention center and performing arts venue breaking ground in 2026. The facility is a versatile rental space frequently used for Weddings and receptions, Anniversaries, Proms, Quinceaneras, etc. Downstairs: Open entertaining area, a kitchen equipped with stainless steel sinks, prep tables, a commercial refrigerator, and an ice maker. It also features ADA-compliant restrooms. Upstairs: Private rooms designated for meetings or preparation areas (e.g., Bride and Groom rooms). Other pluses are multiple storage closets, 22 round tables, 7 rectangle tables, @300 folding chairs, sprinkler system, 3 CHA units, other various tables with chairs and reasonable utility costs. The City of Waco Fire Marshall has occupancy at 289. **Construction of 12 new Townhouses are breaking ground soon directly across the street. Selling the building AS IS. Income and Expense information upon request. Schedule your Showing today!

Investor Tools

$0Estimated Mortgage Balance
$199,440Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,400 /month
Positive
Cash Flow Estimate:
$2,800 /month

Interested in this property?

Mitzi Eves

Coldwell Banker Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$473/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,684
$199,440
2025
$28,750
$170,690
$199,440
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,684
$199,440

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$199,440
100%
0%
$0/mo

City: Waco

520 Elm Street | Property Details | No Agent List