Nestled in the heart of Downtown Waco, this property is a true investor's special offering historic charm, prime location, and highly desirable O-3 zoning. Full of original character, this fixer-upper presents a blank canvas ready for renovation and value-add potential. With zoning that allows for residential, office or business use, the possibilities are wide open for investors, entrepreneurs, or owner-users looking to create a custom space tailored to their vision. The detached garage features a new roof and will be cleared out prior to closing, providing added functionality or future redevelopment options. Ideally located just minutes from Magnolia Silos and in close proximity to Baylor University, this property offers exceptional convenience and added appeal for both residential and commercial use. Whether transformed into a downtown residence, professional office, or creative live and work environment, this property delivers flexibility, visibility, and upside in one of Waco's most dynamic and growing areas.

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Based on information submitted to North Texas Real Estate Information Services as of May 21, 2026 11:01 AM EDT. All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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1601 Columbus AvenueWaco, TX 76701Price: $339,900

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