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33261032
33260884

407 South 8th Street, Waco, TX 76706

CP
TX 9000631, Tx 722154
Bentwood Realty
Listed by Bentwood Realty
$1,340,000
27 days on market
Updated 18 days ago
Opportunity zone

407 S. 8th Street

Details
Property Type Retail
Square Footage 2,400
Units 3
Cap Rate 7.96%
NOI $106,680
Occupancy 100%
Tenancy Multi
Lease Type NNN
Remaining Term 5
Rent Bumps Yes
Lease Options 2, 2 year extensions
Year Built 1924
Zoning C-3
Ground Lease No

100% Leased

Marketing description

407 S. 8th Street, Waco, TX presents a rare opportunity to acquire a fully leased retail investment in one of Waco’s most dynamic districts. Located directly across from Magnolia Village and shadow-anchored by Magnolia, this high-visibility asset offers exceptional positioning in a heavily visited area near downtown. The property features approximately 2,400 SF of improvements on a generous 0.756-acre C-3 zoned lot, creating both immediate income and long-term upside. Recently remodeled in 2022, the building offers a clean, modern appearance with strong curb appeal. The asset is 100% leased to established NNN tenants, providing investors with stable income, plus additional monthly parking lot revenue for an added income stream. With its premier location, updated improvements, and reliable tenancy, 407 S. 8th Street stands out as an attractive, turnkey investment in the heart of Waco. Offered at $1,340,000, this is a compelling chance to own a strategically located asset in the path of continued growth.

Investment highlights

  • 100% Leased, NNN Tenants
  • 8% CAP
  • Recent full remodel in 2022
  • Parking Lot income
  • Shadow anchored by Magnolia

Listing Contacts

CP
TX 9000631, Tx 722154
Bentwood Realty
Listed by Bentwood Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$106,680.00
$8,890.00/mo

Valuation Metrics

0
DSCR
7.96%
Cap Rate
7.96%
ROI

Map

Zoning

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C-4 CommercialCore CommercialCentral Commercial District
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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