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    1516 Hewitt Dr Waco, TX 76712

    For Lease
    $28 SF/Yr ($7,933 /Mo)

    Prime Waco retail location, single-tenant building.

    Lot size:
    3,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional retail property, located at 1516 Hewitt Drive in Waco, Texas, offers 3,400 square feet of versatile space in a single-tenant building. Situated in McLennan County, the property boasts a C-3 zoning classification, providing ample opportunities for a variety of retail businesses. The building's size is ideal for a range of uses, from smaller boutiques to larger retail operations. The address is conveniently located in Waco, Texas, zip code 76712, providing easy access for customers and employees. The property's single-tenant occupancy offers a streamlined management experience. This presents a unique opportunity for businesses seeking a well-positioned retail space in a thriving Texas market. The property's location offers excellent visibility and accessibility, making it an attractive option for businesses looking to establish a strong presence in the Waco area. With its ample square footage and strategic location, this property is poised for success. Serious inquiries are encouraged to explore the potential of this exceptional retail opportunity. The property is ready for immediate occupancy. Further details regarding lease terms and conditions are available upon request.

    Property Features for 1516 Hewitt Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,400 SF
    Total Rate
    7933.33

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    3,400 SF
    Rate per SF
    $28

    HighLights

    • 3,400 SF single‑tenant retail building in Waco, TX.
    • C‑3 zoning allows for diverse retail uses.
    • High traffic count (30,479 vehicles in 2020 at Hewitt Dr/Imperial Dr intersection).
    • Features a drive‑thru lane and ample parking.
    • Located near Texas Central Park and surrounded by national retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Big Ben Dry ... Dry Cleaner

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.2081578
    Latitude
    31.4835175

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    FAQs

    What type of property is this?
    Retail property - Prime Waco retail location, single-tenant building.
    Where is this retail property located?
    The property is located at 1516 Hewitt Dr Waco, TX.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: 3,400 SF single-tenant retail building in Waco, TX.; C-3 zoning allows for diverse retail uses.; High traffic count (30,479 vehicles in 2020 at Hewitt Dr/Imperial Dr intersection).
    Request Owner's contact information
    1516 Hewitt Dr Waco, TX 76712
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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
    1516 Hewitt Dr Waco, TX 76712
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