5500 Franklin Avenue

Description:

The property at 5500 Franklin Avenue, Waco, Texas is a 15,000-square-foot commercial building situated on approximately 0.56 acres. Constructed in 1986, this two-story structure features durable tilt-wall construction and a concrete parking lot with 31 spaces, including 2 ADA-compliant spots. Positioned along Franklin Avenue, one of Waco’s key commuting corridors, the site enjoys high traffic counts and exceptional visibility.

This versatile property is currently home to a well-established archery and sporting goods store, with both pistol and archery ranges located on the second floor. Standard 12-foot ceilings and a flexible layout provide future adaptability for a variety of uses.

Designed to support both business operations and office functions the property includes six offices & kitchenette with the main office featuring a private bathroom and shower. For logistics and operations, the facility is equipped with two overhead grade-level doors.

A distinctive feature is the 288 SF weatherproof bunker, ideal for secure storage or specialty use. This property is 100% owner-occupied and offers a rare opportunity, this property offers a rare opportunity for an owner-user or investor seeking a custom-built, multi-functional space in a high-growth market.

 


Situated along Interstate 35, Waco, Texas, is a rapidly growing city strategically located between Dallas and Austin. Known for its strong economy, rich history, and vibrant tourism industry, Waco offers a dynamic mix of business opportunities and lifestyle amenities.
Home to Baylor University, Waco attracts a steady influx of students, professionals, and visitors, fueling demand for retail, commercial, and residential developments. The city is also famous for Magnolia Market at the Silos, drawing millions of visitors annually, along with attractions like the Dr Pepper Museum, Cameron Park Zoo, and the Texas Ranger Hall of Fame.
With a diverse economy driven by healthcare, education, manufacturing, and logistics, Waco benefits from a business-friendly environment, affordable real estate, and continued infrastructure growth. Its central location and strong transportation networks make it an ideal spot for commerce and investment, offering excellent accessibility for businesses and residents alike.

M-2 Zoning:

In Waco, Texas, the M-2 Light Industrial District is designated to accommodate a broad range of industrial activities that operate without causing nuisances to surrounding areas. This zoning classification permits various industrial and compatible related uses. 

For a comprehensive understanding of the M-2 zoning regulations, including a detailed list of permitted uses and development standards, please refer to the City of Waco's Code of Ordinances.
 




Versatile Commercial Building with Unique Features
±15,000 SF two-story structure with overhead loading access, archery/pistol ranges, and functional office layout – ideal for owner-users or niche commercial operations.


High-Traffic Corner with Excellent Frontage
Located directly on Franklin Avenue, a primary commuter corridor offering prime visibility, signage exposure, and accessibility in Waco’s growing commercial landscape.


M-2 Light Industrial Zoning for Flexible Use
Permits a wide variety of commercial, industrial, and specialty use types, providing future adaptability and potential for long-term repositioning or redevelopment.


Concrete Parking Lot with Ample Capacity
Includes 31 total spaces (2 ADA), serving customer-heavy or operationally intensive users. Durable surface supports higher vehicular load and longevity.


Well-Appointed Interior for Business Operations
Includes 6 offices, 5 ADA-compliant bathrooms (1 with a private shower), a kitchenette, and a secure 288 SF weatherproof bunker – designed for convenience, privacy, and function.


Single-Tenant Opportunity with Custom Buildout
Property is currently single-tenant use, offering efficiency for owner-operators or buyers seeking a unique space ready for immediate occupancy or continued use.


Strategically Located in Waco’s Economic Core
Positioned between Dallas and Austin, Waco is an economic and cultural hub anchored by Baylor University and booming tourism, healthcare, logistics, and retail industries.


Attractive Price Point for Specialized Commercial Asset
Listed at $1,400,000 – offering strong intrinsic value and upside in a market with low inventory for ready-to-occupy commercial buildings.

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