511 Hewitt DrHewitt, TX 76643

Property Details for 511 Hewitt Dr

Year built

1980

Construction

FRAME

Lot size

1.76 AC

Property size (Sq ft)

14,400 SF

Zone code

C-2

Property type

Office buildings

APN

363260000001006

APU

363260000001006

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,140,102

  6.5%

  $2,898,556

  7%

  $2,691,516

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,311,216

  Geo Method

  $4,311,216

• Alternative Use

  Use

  Valuation

  Residential

  $3,594,210

  Hospitality

  $3,292,277

  Educational

  $2,739,136

  Medical

  $2,833,339

  Retail

  $4,260,878

Location Insight

City

Hewitt

County

Mclennan

State

Texas

Latitude

31.4734

Longitude

-97.2028

CBSA code

47380

CBSA name

WACO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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