This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
724 Austin Ave
1,557 - 4,381 SF of Space Available in Waco, TX 76701
Highlights
- Located in the heart of Downtown Waco off of Franklin Avenue
- Historic icon of Waco
- The event venue and movie theaters will continue to operate and increase traffic to the property
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor - 104 | 2,824 SF | Negotiable | $28.00 /SF/YR $2.33 /SF/MO $301.39 /m²/YR $25.12 /m²/MO $6,589 /MO $79,072 /YR | Triple Net (NNN) | ||
| 2nd Floor, Ste 202 | 1,557 SF | Negotiable | $34.00 /SF/YR $2.83 /SF/MO $365.97 /m²/YR $30.50 /m²/MO $4,412 /MO $52,938 /YR | Triple Net (NNN) |
1st Floor - 104
Storefront retail with all utilities and grease trap in place for restaurant. Rentable SF - 2,824 SF Load factor - 1.36 Delivered White Box
- Lease rate does not include utilities, property expenses or building services
- Heart of downtown
2nd Floor, Ste 202
Suite 220 is 1,557 square feet of flex space located on the second floor.? This gorgeous space could be used to accommodate a variety of uses and collapsing walls make the size adjustable as well.? $8,500 /Month Full Service
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- High End Trophy Space
- Hardwood Floors
- Beautiful views of downtown from the second floor
- Potential to add a full service bar
- Flexible space with a variety of uses
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 724 Austin Ave , Waco, TX 76701
| Property Type | Retail | Gross Leasable Area | 30,935 SF |
| Property Subtype | Restaurant | Year Built/Renovated | 1914/2017 |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 30,935 SF |
| Year Built/Renovated | 1914/2017 |
About the Property
The Waco Hippodrome is a Grand Spanish Colonial establishment located in downtown Waco where old-world allure meets state-of-the-art innovation. Originally built in 1914, this 100+ year old entertainment venue has been recently renovated and currently hosts first-run and classic films, live music and comedy concerts, plays for all ages and so much more. Turner Behringer will continue operating the event venue and movie theaters to increase traffic to the historic building for their tenants. The first floor space Suite 110, is a 3,755 square foot restaurant and bar located on the first floor of the Hippodrome. This space features a commercial kitchen and an outdoor seating area. This area has the exclusive right to service theaters 1-3. The next space, Suite 210, is a bar and lounge located on the second floor of the historic building.? This space is 1,513 square feet, features a commercial bar, and is conveniently located outside the primary theater. Next to this space is Suite 220, 2,128 square feet of flex space located on the second floor. This gorgeous space could be used to accommodate a variety of uses and collapsing walls make the size adjustable as well. The final space, Suite 310, is a rooftop restaurant and bar located on the third floor of the facility. This 2,453 square foot space features a commercial kitchen and outdoor seating. _______________________________________________________________________________________________________________________________________________________________________ *These spaces are offered as "Full Service". However, there are caps on expenses. Once caps are reached, each tenant will be charged their pro-rata share of the excess. *Load factor is already factored into the available spaces. These are license agreements, not leases. "The parties hereby acknowledge and agree that (i) Licensee's use of the Licensed Space shall not constitute a tenancy of any kind, (ii) the License is not a lease or sublease, and Licensee is granted no leasehold or other real property interest in the Licensed Space, (iii) this License is non-exclusive and (iv) this License is revocable at will by Licensor.?" *Listing agent will be present at all showings.
- Restaurant
- Accent Lighting
Nearby Major Retailers
-
Josh Barrett -
Turner Brothers Real Estate
Presented by
724 Austin Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.