Historic Downtown Waco Building is on the Market

The Historic Phoenix Building in downtown Waco, current home to Pignetti’s Restaurant, and a variety of other businesses, is on the Market for sale. Clay Fuller of Cromwell Commercial Group is listing this legacy asset, noting it has strong and growing income potential.

“The Phoenix Building has been an exciting project to work on over the last few years. The owners have done a great job stewarding the historic asset to what it is today. It’s set up for success and should be a great addition to any portfolio.” Fuller expressed.

Originally built in 1907, the Phoenix Building has housed numerous businesses and purposes and a true landmark in the landscape of downtown Waco over the last century. Deeply rooted in history, it’s very framework supported the nation through both World Wars, once housing operations that produced military canvas goods. In the years that followed, it became home to the Ozark Leather Company, where saddles other goods were crafted continuing a legacy of American craftsmanship in the heart of Downtown Waco. 

For decades, and up until 2019, the Phoenix serves as one of Waco’s premier event venues, before undergoing its most recent transformation under current ownership. 

With a vision for restoring and repurposing the historic space, the most recent renovations transformed the building and is now fully occupied with a strong tenant mix and current home to Pignetti’s Restaurant, Silos Tuscan Market, and a mix of office users from Segra to State Farm among others. 

The Phoenix Building continues to play a vital role in Waco’s evolving story, standing as a symbol of resilience, reinvention and enduring community value. 

Find more information about The Phoenix Building listing here.

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