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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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2020 Franklin Ave , Waco, TX 76701
$385,000
Est. Payment: $2,162.45/mo
650 Sqft
0.54 Acres
Status: active | Days on site: 37
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A8295940 - A829589307
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House Description

PRIME WACO COMMERCIAL OPPORTUNITY Exceptional commercial property located at the corner of Franklin Avenue and 21st Street in the heart of Waco, Texas. Positioned along a high-traffic corridor with excellent visibility and accessibility, this property offers incredible potential for an owner-user, investor, redevelopment project, retail operation, or automotive-related business. Situated on approximately 0.539 acres (23,474± SF), the property features approximately 18,952 SF of gross covered area and is zoned C-3 General Commercial District. Formerly utilized as a car lot, the site provides substantial covered space, paved areas, prominent street frontage, and a highly visible corner location. With its central Waco location, established surrounding commercial activity, and flexible commercial zoning, this is a rare opportunity to reposition a property with endless possibilities in one of Waco’s most traveled areas. Property Highlights: C-3 General Commercial zoning • 18,952± SF gross covered area • 0.539± acres 23,474± SF site • Corner of Franklin Ave. & 21st St. • Former automotive car lot • High traffic exposure • Excellent visibility • Central Waco location • Redevelopment and investment potential.

Highlights

Listed by Lana Honey , Texas Luxury and Land , North Texas Real Estate Information Systems

Property Type

Commercial Sale

Lot/Acreage
0.54

Year Built

2024

County

McLennan

Neighborhood

Glenwood

Listing ID

21377646

Questions about this listing?

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Interior Features

Air Cond:Central Air,Electric,Window Unit(s)
Fireplaces:
Floor:Laminate

Exterior Features

Lot:.5 to < 1 Acre
Zoning:C-3
Roof:Metal
Others:
  • ▪ Additional:Preowned
Parking Features:Additional Parking,Attached Carport,Carport,Concrete,Covered,Detached Carport,Garage,Garage Door Opener,Garage Faces Side,Gated,Lighted,Off Street,Outside,Parking Lot,Paved,Secured
Principal Interest
$2,162
Taxes
$468

Home Price

$385,000

Loan Details

30 yrs
7.542%

Down Payment

20%
$77,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,162.45

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,162.45 $468.42 $0.00 $2,630.86
Yearly $25,949.35 $5,621.00 $0.00 $31,570.35
Total $778,480.40 $168,630.00 $0.00 $947,110.40

Today's Rates

30 Year

7.54%

20 Year

7.2%

15 Year

6.73%

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Market insight data is pulled from the same city as the listing being viewed (Waco, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-11T14:08:21.260Z

© 2026 North Texas Real Estate Information Systems