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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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2501 Franklin Ave , Waco, TX 76710
$549,900
Est. Payment: $2,831.12/mo
0 Bed
0 Bath
1416 Sqft
Status: active | Days on site: 50
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

OWNER FINANCE Available! Prime Commercial Opportunity on Waco's Franklin Avenue Corridor Position your business for success with this exceptional commercial property located on the highly traveled Franklin Avenue Corridor in the heart of Waco. Situated on a prominent corner lot with outstanding visibility and high daily traffic counts, this property offers the exposure your business deserves—plus flexible owner financing options to help make your investment a reality. Formerly home to the well-established David Gonzales Farmers Insurance Agency, this versatile building is ready for its next chapter. With a few cosmetic updates, the space can easily be transformed into a professional office, medical or dental practice, title company, salon, spa, boutique, café, restaurant, or a variety of retail or service-based businesses. Inside, you'll find a functional floor plan featuring a welcoming reception area that opens into a spacious common workspace, two private offices, two restrooms, and an additional waiting area or flex space that can be customized to fit your business needs. A reinforced concrete room—formerly used as a bank vault—provides unique opportunities for secure storage, records, inventory, or valuables. Outside, the property offers a fenced and secured parking area, ideal for businesses requiring protected vehicle storage, equipment security, or additional space for a storage building or workshop. Whether you're expanding your business, launching a new venture, or investing in one of Waco's most recognizable commercial corridors, this property offers location, flexibility, and tremendous potential. Owner financing terms available upon request. Showings by appointment only with a signed Buyer Representation Agreement or agency disclosure.

Highlights

Listed by Reyna Reyes , Arise Capital Real Estate , North Texas Real Estate Information Systems

Property Type

Commercial Sale

Lot/Acreage
0.24

Year Built

1950

County

McLennan

Neighborhood

Glenwood

Listing ID

21321923

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Ceiling Fan(s),Central Air,Electric
Fireplaces:
Floor:Carpet,Combination,Laminate,Linoleum

Exterior Features

Lot:Less Than .5 Acre (not Zero)
Zoning:C-3
Roof:Composition,Flat,Mixed,Shingle,Synthetic
Others:
  • Additional:Preowned
Parking Features:Lighted,Off Street,Paved,Secured
Principal Interest
$2,831
Taxes
$369

Home Price

$549,900

Loan Details

30 yrs
6.674%

Down Payment

20%
$109,980
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:
$2,831.12

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,831.12 $368.92 $0.00 $3,200.04
Yearly $33,973.49 $4,427.00 $0.00 $38,400.49
Total $1,019,204.64 $132,810.00 $0.00 $1,152,014.64

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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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: 2026-08-24T21:21:41.390Z

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