Situated in the heart of Downtown Waco, this 3,700+ sq. ft. property offers the rare combination of historic charm and versatile O-3 zoning, allowing for a variety of residential and neighborhood commercial uses. Whether you're looking for a unique residence, professional office, boutique retail space, restaurant, salon or spa, or another approved business use, this property offers exceptional flexibility to bring your vision to life. Rich in architectural character with spacious rooms, original details, and timeless appeal, the property is ready for its next chapter. Restore its historic beauty, renovate to suit your needs, or reimagine the space into something truly one of a kind. Ideally located just minutes from Baylor University, Magnolia, downtown dining, shopping, and entertainment, you'll be investing in one of Waco's fastest-growing and most desirable areas. Its prime location offers outstanding visibility, accessibility, and long-term potential for both owner-occupants and investors alike. Now offered after a significant price improvement, this is an incredible opportunity to own a distinctive Downtown Waco property with endless possibilities. Schedule your private showing today and discover what this unique property can become.