Exceptional redevelopment or investment opportunity in a convenient central Waco location. This unique 1.88± acre property features three buildings, including a 5,900+ SF main building and two additional buildings of just under 1,000 SF each. With 10+ parking spaces and highly desirable, flexible O-2 zoning, the possibilities are endless for office, medical, residential conversion, or future redevelopment (buyer to verify permitted uses). Utilities are available, and the property’s prime location offers quick access to major roads, making it an outstanding opportunity for investors, developers, or owner-users.
Heart of Texas, located between the Brazos River and Lake Waco, is a historic and civic Waco neighborhood with riverfront trails and landmark institutions. The neighborhood’s character concentrates around the Austin Avenue & 5th Street corridor downtown, where coffee counters, galleries, and independent storefronts keep sidewalks active. The Dr Pepper Museum, Waco Hippodrome Theatre, and the Waco Mammoth National Monument serve as cultural pillars with a distinctly local point of view. Brick commercial blocks and restored early-20th-century facades set an urban tone, while nearby greenways soften the edges. Baylor University and the river bridges shape daily rhythms with steady foot traffic and event nights. Parks and museums anchor a walkable loop from downtown to the water.
Provided by Walk Score and Local Logic
Offer insights
2323 N 39th St · $327,000
$327K and above
75% chance or better to win
Why $327K+ is a strong offer
DAYS ON MARKET
119 days
The average home goes pending in 15 days.
SALE-TO-LIST
98.1%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Other interior features
Bedrooms
5 bedrooms
Bathrooms
3 full bathrooms
Kitchen
Electric oven
Flooring
Tile, vinyl, and wood flooring
Heating & cooling
Central heating
Central air conditioning
Home design
Multi-family residential income property
One story
Parking
10 parking spaces
Additional parking
Circular driveway
On-site parking
Construction
Built in 1946
Brick construction
Composition roof
Pillar/post/pier and slab foundations
Utilities
City water
City sewer
HOA & community
No association
Financial info
3 buildings
3 total units
Gross annual income: $0
Gross annual expenses: $0
Insurance expense: $0
Net operating income: $0
Other
Accessory unit
Electricity and solar
View estimated energy costs and solar savings for this home