Prime Retail Space in
For Lease
$14 SF/Yr
512 - 616 North New Road, Waco, TX 76710
Newly remodeled retail space with excellent access and visibility.
Space SizeContact for details
Property Size43,437 SF
Days on Market256
Property Features for 512 - 616 North New Road
General Information
Standard status
Active
Size
43,437 SF
Property subtype
Retail
Listing Agency:
Reid Peevey Commercial Real Estate
(254) 749-0613
Listed By:
Pat Farrar · License #TX #547422
Source:
Reidpeevey
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Aug 4 at 4:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Reid Peevey Commercial Real Estate
Investment Insights
Based on property information with market context.
Available for lease is a redeveloped retail space ranging from 1,200 to 20,000 square feet. The property features excellent access and visibility, making it suitable for various retail and office uses. Located in the heart of Waco, on New Road, between Waco Drive and Valley Mills Drive, the center benefits from multiple curb cuts between two lit intersections, high traffic counts, and great visibility. The City of Waco C3 Zoning accommodates a wide assortment of business needs, blending together into a complimentary tenant mix. The property has been newly remodeled and features attractive storefronts. The property size is 43,437 square feet.
Key Highlights
- Prime retail space available, ranging from 1,200 to 20,000 sf.
- Excellent visibility and access for your business.
- Located in the heart of Waco on New Road.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
447k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 31%
Dining 30%
Apparel 22%
Shops & Services 14%
Walmart
Superstores
139,928 visits/mo
0.3 miles
Academy Sports + Outdoors
Apparel
75,617 visits/mo
0.4 miles
Chick-fil-A
Dining
54,210 visits/mo
0.4 miles
Murphy USA
Shops & Services
33,637 visits/mo
0.3 miles
McDonald's
Dining
29,931 visits/mo
0.3 miles
Demographics for 76710, TX
24,874
Population
12,391
Households
2
Avg Household Size
38
Median Age
32%
College-Educated
92%
High-School Grad
9.3 sq mi
ZIP Area
2,675
Density / Sq Mi
$53,304
Median Household Income
$36,425
Median Earnings
$1,098
Median Rent
$229,000
Median Home Value
Market
Lease Benchmarks for Waco, TX
$14.6 /SF/Yr
Avg Asking Price
$6–$20 /SF/Yr
Price Range
39,293 SF
Avg Space Size
This space is priced 4% below the average of $14.6 /SF/Yr.
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — PLS Financial Services, Inc, 600 N Valley Mills Dr, Waco, TX 76710
- Centerpoint Shopping Center — 5184 W Waco Dr, Waco, TX 76710
- Waco Centre — 200 n new rd, waco, tx 76710
- Franklin Village Shopping Center — 4600 Franklin Ave, Waco, TX 76710
- Brazos Place Shopping Center — Waco, TX 76710
Frequently Asked Questions
What type of property is this?
Shopping center - Newly remodeled retail space with excellent access and visibility.
Where is this shopping center located?
The property is located at 512 - 616 North New Road Waco, TX.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Prime retail space available, ranging from 1,200 to 20,000 sf.; Excellent visibility and access for your business.; Located in the heart of Waco on New Road.
