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    511 Hewitt Dr Hewitt, TX 76643

    For Lease
    $12 SF/Yr ($2,400 /Mo)

    Prime retail space, 2,400 sq ft available

    Lot size:
    2,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This 2,400 square foot retail strip center in Hewitt, Texas, offers two available spaces, each measuring 1,200 square feet. Located at 511 N Hewitt Dr, 76643, in McLennan County, this property boasts a prime location across from Midway High School, ensuring high visibility and foot traffic. The center benefits from strong neighboring businesses, including Baylor Scott and White, Midway Nutrition, Home Instead Senior Care, Texas Car Title and Payday Loan Services, and Lynn's Pharmacy. This strategic location on rapidly developing Hewitt Drive places the property amidst numerous school campuses and popular local and national retailers, creating a vibrant commercial environment. The proximity to Waco's industrial park contributes to high daytime employment numbers, further enhanced by significant residential growth and ongoing construction in the area. The entire 2,400 square feet is currently vacant and available for lease, offering a unique opportunity for businesses seeking high-traffic exposure in a thriving community. Minimum leasable space is 1,200 square feet, with a maximum contiguous space also of 1,200 square feet.

    Property Features for 511 Hewitt Dr

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,400 SF
    Total Rate
    2400

    Unit(s) available at that property

    Space
    Suite 3
    Size
    1,200 SF
    Rate per SF
    $12
    Space
    Suite 5
    Size
    1,200 SF
    Rate per SF
    $12

    HighLights

    • High‑traffic location.
    • Two 1,200 square foot suites available.
    • Excellent signage opportunities.
    • Located near national retailers with high visibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Baylor Scott & White ... Physical Therapy Clinic Lynn's Pharmacy Hewitt Pharmacy Michael L Carlisle ... Insurance Agency The Golden shear Waco Barber Shop Salon 511 Hair Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hewitt
    County
    McLennan
    State
    Texas
    Longitude
    -97.202218689836
    Latitude
    31.473837494475

    Nearby Similar for Lease

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      Retail Pad Opportunities in Hewitt

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    FAQs

    What type of property is this?
    Neighborhood center - Prime retail space, 2,400 sq ft available
    Where is this neighborhood center located?
    The property is located at 511 Hewitt Dr Hewitt, TX.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: High-traffic location.; Two 1,200 square foot suites available.; Excellent signage opportunities.
    Request Owner's contact information
    511 Hewitt Dr Hewitt, TX 76643
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    511 Hewitt Dr Hewitt, TX 76643
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