1505 Franklin Ave, Waco, TX 76701 Property Records

McLennan County property record for 1505 Franklin Ave, Waco, TX 76701

Property Summary

Property TypeCommercial
Details8,000 sqft · built 1928
Lot Size0.189 acres (8,250 sqft)
OwnerCompany Name on File
Last Sale$1,062,500 (Nov 2025)
Tax Bill$2,698 (2025)
Deeds & MortgagesNov 2018 Mortgage
Dec 2016 Loan Modification
+ 1 more
Flood ZoneZone X (minimal risk)
APN48-016500-001200-9

Property Details

APN / Parcel Number

Primary APN48-016500-001200-9
Alternative APNs
  • 4801650000120090111
  • 172345

Interior

Stories2 Stories
Building Area8,000 sqft Gross Area
1st Floor Area7,676 sqft
2nd Floor Area324 sqft

Exterior

Year BuiltBuilt 1928
Effective Year BuiltEffective 1953
Lot Area8,250 sqft (0.189 acres)
Lot Dimensions165 ft deep x 50 ft wide

Utilities, Heating & Cooling

Heating SystemHVAC

Location & Zoning

Street Address1505 FRANKLIN AVE
CityWACO
StateTX
Zip76701-1717
Property CategoryCommercial
Property TypeCommercial > Retail
Local Zoning CodeC2
Legal DescriptionFARM LOT 23 LOT 14 BLOCK 1 ACRES .1894
Legal SubdivisionFARM LOT 23
Legal Block1
Legal Lot Number23,14
JurisdictionMCLENNAN TX
Township / Civil DivisionWACO
Census Block Group2
Census Block2094
Census Tract100

Owner

1505 Franklin Ave, a commercial property, is owned by a company that bought it in November 2025.

Source: McLennan County records, as of September 2, 2026

Owner of RecordCompany Name on File
Mailing Address712 S ROBINSON DR, ROBINSON, TX 76706-5624
Owner TypeCompany
VestingLimited Liability Partnership

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

DateDocument
Nov 14, 2018Deed of Trust, Mortgage
TEXAS FIRST ST BK
Dec 15, 2016Loan Modification, Mortgage
TEXAS FIRST ST BK
Dec 15, 2016Loan Modification, Mortgage
TEXAS FIRST ST BK

Assessor's Deed Record

Deed NamesName on Deed
Last SaleNov 24, 2025 · Amount on File
Deed SaleNov 24, 2025 · Amount on File
Deed Document Number202536324
Prior Transfer DateJan 31, 2022
Prior Transfer Doc0000007313
Record UpdatedOct 29, 2026

November 2018: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionMCLENNAN TX
Property Address1505 FRANKLIN AVE, WACO, TX 76701-1717
Document Number0000040291
Instrument DateNov 14, 2018
Transaction TypeMortgage
Record UpdatedApr 10, 2019
Title CompanyOTHER

Transaction

Additional
  • Multiple Parcels

Transferred To (Grantee/Buyer)

NameVerified Name
Address1505 FRANKLIN AVE WACO TX 767011717, WACO, TX 76701-1717

Mortgage

Document Number0000040291
DateNov 19, 2018
Instrument40291
Lender
NameTEXAS FIRST ST BK
TypeBank
AddressWACO, TX 76702-2524
Agreement
AmountAmount on Record

December 2016: Loan Modification, Mortgage

Document TypeLoan Modification
JurisdictionMCLENNAN TX
Property Address1505 FRANKLIN AVE, WACO, TX 76701-1717
Document Number0000000945
Instrument DateDec 15, 2016
Transaction TypeMortgage
Record UpdatedJan 24, 2017

Transferred To (Grantee/Buyer)

NameVerified Name
Address1501 FRANKLIN AVE WACO TX 767011717, WACO, TX 76701-1717

Mortgage

Document Number0000000945
DateJan 11, 2017
Instrument945
Lender
NameTEXAS FIRST ST BK
TypeBank
AddressWACO, TX 76710
Agreement
AmountAmount on Record

December 2016: Loan Modification, Mortgage

Document TypeLoan Modification
JurisdictionMCLENNAN TX
Property Address1505 FRANKLIN AVE, WACO, TX 76701-1717
Document Number0000041169
Instrument DateDec 15, 2016
Transaction TypeMortgage
Record UpdatedJan 3, 2018

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipMarried Couple
Address1501 FRANKLIN AVE WACO TX 767011717, WACO, TX 76701-1717

Mortgage

Document Number0000041169
DateDec 18, 2017
Instrument41169
Lender
NameTEXAS FIRST ST BK
TypeBank
AddressWOODWAY, TX 76712
Agreement
AmountAmount on Record

Tax Assessment & Valuation

The 2025 property tax bill for 1505 Franklin Ave was $2,698, down 0.3% from the year before.

Source: McLennan County assessment roll, as of August 24, 2026

Property Jurisdictions

TypeName
StateTexas
CountyMcLennan County
MunicipalityWaco City
Unified School DistrictWaco Independent School District (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2026$136,947 (+14.12%) Land $49,500 Building $87,447$136,947 (+14.12%) Land $49,500 Building $87,447
2025$2,698.00 (-0.3%)$120,000 Land $49,500 Building $70,500$120,000 Land $49,500 Building $70,500
2024$2,706.00
2023$120,000 Land $49,500 Building $70,500$120,000 Land $49,500 Building $70,500
2022$2,690.00

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

FEMA maps place 1505 Franklin Ave in Zone X, an area of minimal flood risk, though there have been 2 flood claims nearby since 1989.

Source: FEMA National Flood Hazard Layer, effective June 9, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Flood Insurance CostPremium on File
median of 12 policies
Nearby Flood Policies12 in force
Nearby Flood Claims2 (1989–2012)
Claims Outside the SFHA1 of 2
Most Recent ClaimMar 2012 · rainfall accumulation

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

The area around 1505 Franklin Ave has no burnable land within ember reach, so its wildfire risk is not rated.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemCITY OF WACO
serves 146,241 people · EPA ID TX1550008
Water SourceSurface water
Last State InspectionMay 2025
Lead2 ppb (2022–2024)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.

Internet Providers

Source: FCC Broadband Data Collection, based on 308 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Astound Broadband
Cable · Fiber in parts of the area
1,500 / 50
Spectrum
Cable · Fiber in parts of the area
1,000 / 1,000
Nextlink
Fixed Wireless
500 / 100
Verizon
Fixed Wireless
300 / 20
Central Link Broadband
Fixed Wireless
100 / 20

May also be available: AT&T, T-Mobile.

Nearby Properties on Franklin Ave

Nearby Streets

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