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$1,600,000
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Property 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!
Full Property Details
Full Property Details for 520 Elm St
General
- Price: $1,600,000
- Taxes: $4,484
- Status: Active
- Type: Business
- Source: NTREIS
- MLS ID: 21178704
- Updated: 2/16/2026
- Added to Site: 18 day(s) ago
Business
- Name: The Brazos Event Center
- Business Type: Arts and Entertainment, Hospitality, Other, Rental
Interior
- Flooring: Laminate, Tile
Parking
- Parking Features: Concrete, Kitchen Level, Lighted, On Street
Location
- County: McLennan
- Subdivision: Renick
- Driving Directions: Elm Avenue District Public Improvement District Property at corner of Elm and Sherman, Waco, TX
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Available, Separate Meters, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Stucco
- Roof: Flat, Metal, Mixed
- Stories/Levels: 2
- Square Feet: 4,980
- Sq. Ft. Source: Public Records
- Year Built: 1928
Lot Features
- Lot Size (Acres): 0.132
- Lot Size (Sq. Ft.): 5,749.92
- Lot Size Source: Public Records
- Frontage: City Street, Other
- Sidewalks: Yes
- Lot Features: Historic District
- Potential Use: Food Service, Office, Other, Place of Worship, Restaurant, Retail
- Zoning: Commercial
Financial Considerations
- Tax Amount: $4,484
- Tenant Pays: Other
Disclosures and Reports
- Legal Description: RENICK LOT 5 BLOCK 13 ACRES .132
- Exclusions: marked assorted tables, copier, personal items
- Inclusions: Business, Furniture, Land & Improvements, Other
- Property ID: 480346000077016
- Block: 13
- Lot Number: 5
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
Get Pre-Approved Today
Schools
Schools serving 520 Elm St
School District:Waco Independent School District
| Name | Grades | Distance |
|---|---|---|
J High Hines Elementary School 301 Garrison Street, Waco, TX 76704 | PK-5 | 0.5 mi |
Indian Spring Middle School 500 North University Parks Drive, Waco, TX 76701 | 6-8 | 0.6 mi |
Waco High School 2020 North 42nd Street, Waco, TX 76710 | 9-12 | 4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 520 Elm St
Date
Details
Price
Change
Source
2/12/2026
Listed
$1,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 520 Elm St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,728
-3%
$199,440
-1%
2023
$4,877
—
$200,720
-4%
2022
$4,877
-4%
$208,240
7%
2022
$5,096
322%
$194,700
333%
2021
$1,207
3%
$44,940
6%
2020
$1,174
42%
$42,560
45%
2018
$828
12%
$29,420
13%
2017
$738
—
$25,980
—
2016
$738
1%
$25,890
2%
2015
$728
-11%
$25,460
-16%
2019
$818
16%
$30,180
20%
2014
$706
2%
$25,080
2%
2013
$691
—
$24,520
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 520 Elm St
520 Elm Street, Waco, TX 76704 (MLS# 21178704) is a Business property. 520 Elm Street is currently listed for $1,600,000 and was received on February 12, 2026. This property is listed by Heritage Real Estate Group from our Dallas Office.Want to learn more about 520 Elm Street? Do you have questions about finding other Business real estate for sale in Waco? You can browse all Waco real estate or contact a Coldwell Banker agent to request more information.

