Prime Commercial Property in Waco
Prime Commercial Property with Established Archery & Shooting Ranges
Marketing description
Versatile 15,000 SF Commercial Building on Franklin Avenue – Waco, TX
100% Owner-Occupied | Ideal for Owner-User or Investment
Positioned along one of Waco’s busiest commercial corridors, 5500 Franklin Avenue presents a rare opportunity to acquire a 15,000 SF two-story commercial building on 0.56 acres, offering both visibility and flexibility. Constructed in 1986 with durable tilt-wall construction, the property includes a concrete surface parking lot with 31 spaces (including 2 ADA-compliant spaces) and is currently 100% owner-occupied by a well-established archery and sporting goods business.
With a mix of retail, office, and specialty use features—including indoor ranges, secure storage, and multiple office configurations—this property is ideally suited for owner-users, specialty retailers, or light industrial operations.
Property Highlights
15,000 SF building on 0.56 acres
Tilt-wall construction with strong structural integrity
Two overhead grade-level doors for operational access
Six offices, kitchenette, and private executive office with shower & restroom
Five ADA-compliant restrooms throughout
12-foot ceilings and flexible open layout
Second-floor pistol & archery ranges (currently in use)
288 SF weatherproof bunker – ideal for secure storage or specialized use
31 parking spaces (2 ADA compliant) on a concrete lot
Zoning: M-2 Light Industrial – supports a wide range of commercial and industrial uses
Location Overview
Waco, TX is a central Texas hub located between Dallas and Austin, with strong infrastructure and a business-friendly environment. As home to Baylor University and nationally renowned attractions like Magnolia Market, Waco’s tourism and commercial growth continues to thrive.
The property’s location on Franklin Avenue, a major east-west arterial, ensures high visibility and ease of access for customers, staff, and deliveries. The area benefits from proximity to Interstate 35, making regional distribution and commuting efficient.
Waco’s diverse economy—driven by education, healthcare, manufacturing, and logistics—combined with M-2 zoning, makes this property ideal for a variety of businesses or adaptive reuse strategies.
Investment highlights
Investment Highlights
5500 Franklin Ave • Waco, Texas 76710
Building Size: ~15,000 SF two-story retail/industrial building.
Lot Size: ~0.56 acre.
Zoning: M-2 (Light Industrial / Flexible Use)
Asking Price: $1,400,000 – approx. $93.33/SF.
Key Value Drivers
Robust size and scale: A 15,000 SF facility in infill Waco offers substantial scale for a variety of uses.
High-visibility frontage & access: Located on Franklin Ave, a primary commuting corridor in Waco—providing strong exposure and accessibility.
Durable construction + operational infrastructure: Built in 1986 with tilt-wall construction, includes two overhead grade-level doors, 12-foot ceilings, and a concrete parking lot (31 spaces including ADA) – suitable for owner/User or investor with minimal upgrades.
Embedded business use or redevelopment optionality: Currently occupied by a specialty archery & shooting range tenant, but zoning and layout allow for conversion to alternative commercial or light industrial uses.
Flexible zoning (M-2): Supports a wide variety of commercial/industrial uses, giving the buyer optionality for future repositioning or redevelopment.
Entry-level pricing in a growth market: At approximately $93 per square foot, this offering provides a relatively accessible entry point into a sizeable infill commercial asset.
Strategic Opportunity
This offering presents a compelling opportunity for an owner‐operator or investor seeking an asset with immediate utility and long-term optionality. With the building largely built-out and current tenant in place, the buyer can either continue operating the existing business, lease it out, or convert/reposition the property to capture upgraded returns. Given its infill location, strong frontage and flexible zoning, the risk profile is moderated while access to upside remains meaningful.
Ideal Buyer Profile
A business owner seeking to acquire their facility (or lease space) with built-in infrastructure and high visibility.
A value-add investor or small-scale developer looking for infill industrial/retail property with conversion potential.
A strategic user requiring large footprint space in the Waco corridor with parking, freight access and front-line exposure.
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