520 Elm Street, Waco, TX 76704
Renick · McLennan County
Key Facts
Description
AMAZING OPPORTUNITY TO OWN YOUR OWN EVENT CENTER NEAR DOWNTOWN WACO, TEXAS!! The Brazos Event Center, a historic 1928 building located at 520 Elm Ave, Waco, TX 76704, is currently available as a commercial real estate opportunity in the rapidly developing Elm Avenue District. Situated in a Public Improvement District, the venue is minutes away from key Waco landmarks including the Alico Building, McLane Stadium, Baylor University campus, Spice Village, The Backyard and the Magnolia Silos. Downtown Waco is the location of The Waco Hilton, Aloft Hotel, Hotel Indigo Waco, the Suspension Bridge, Indian Springs Park and many popular restaurants and bars and more! The Brazos Event Center is part of a significant revitalization effort in the Elm Avenue corridor: improved streets which are adorned with new decorative lampposts and new sidewalks with railings are just some of the improvements. This site is situated near the broader $1.4 billion Downtown Waco redevelopment initiative, which includes a new convention center and performing arts venue breaking ground in 2026. The facility is a versatile rental space frequently used for Weddings and receptions, Anniversaries, Proms, Quinceaneras, etc. Downstairs: Open entertaining area, a kitchen equipped with stainless steel sinks, prep tables, a commercial refrigerator, and an ice maker. It also features ADA-compliant restrooms. Upstairs: Private rooms designated for meetings or preparation areas (e.g., Bride and Groom rooms). Other pluses are multiple storage closets, 22 round tables, 7 rectangle tables, @300 folding chairs, sprinkler system, 3 CHA units, other various tables with chairs and reasonable utility costs. The City of Waco Fire Marshall has occupancy at 289. **Construction of 12 new Townhouses are breaking ground soon directly across the street. Selling the building AS IS. Income and Expense information upon request. Schedule your Showing today!
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Year Built
1928
Stories
2
Living Area
4,980 sq ft
Lot Size
0.13 acres
Days on Market
158
MLS® Listing#
21178704
Property Features
Cooling
Heating
Flooring
Parking
Construction
Foundation
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$4,484
Parcel Number
480346000077016
Directions
Elm Avenue District Public Improvement District Property at corner of Elm and Sherman, Waco, TX
Affordability Calculator
$280,000
Estimated monthly payment
$7,451/mo
Principal $1,120,000 · Est. interest $1,562,500 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Waco, TX
- $291,687
- Median Listing Price
- 76
- Median Days on Market
- 1,655
- Median Sq Ft
- $168
- Median Price / Sq Ft
- 775
- Active Listings
- This home’s price is 380% above the area median.
- Its price per sq ft is 67% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Waco, TX.
Location
Points of Interest in Waco, TX
Showing the Waco area map.
Nearby Schools
Rosebud-Lott Elementary
Elementary · 4.7 mi away
Rosebud-Lott Middle
Secondary · 4.7 mi away
Chilton Isd
Elementary · 5.7 mi away
Chilton School
School · 5.7 mi away
Westphalia Isd
School · 7.8 mi away
Marlin Independent School District
School · 10.5 mi away
Marlin Elementary School
Elementary · 11.4 mi away
Marlin High School
Secondary · 11.5 mi away
Marlin Middle School
Secondary · 11.5 mi away
Bruceville-Eddy High School
Secondary · 14.8 mi away
Bruceville-Eddy Independent School District
Secondary · 14.8 mi away
Troy Head Start
School · 15.7 mi away
Troy Elementary School
Elementary · 15.8 mi away
Troy Middle School
Elementary · 15.9 mi away
Troy Isd
School · 16.2 mi away
Troy High School
Secondary · 16.4 mi away
Mays Elementary School
Elementary · 16.7 mi away
Absolutely Super Kids
School · 16.7 mi away
Lorena Independent School District
School · 16.8 mi away
Raymond Mays Middle
Secondary · 16.8 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1345 Stillwater Road, Waco, TX | $980,000 | 5 | 5 | 4,388 |
| 3201 Edward Drive, Waco, TX | $995,000 | 4 | 4 | 3,525 |
| 3201 Edward Drive, Waco, TX | $995,000 | 4 | 4 | 3,525 |
| 1500 S 10th Street, Waco, TX | $1,100,000 | 6 | 6 | 3,036 |
| 423 Rogers Hill Spur, Waco, TX | $1,100,000 | 3 | 3 | 3,329 |
| 5004 Gholson Road, Waco, TX | $1,100,000 | 3 | 4 | 3,145 |
Moving Cost Estimate
EXIT Agents in Waco
Listing Courtesy: Coldwell Banker Realty - 2144531850
Presented by: Mitzi Eves
Last Updated: 2026-02-11