688 Alliance Pky - Medical FOR SALE


Hewitt, TX 76643
$2,500,000 USD
254-709-5212
688 Alliance Pky, Hewitt, TX for Sale
$2,500,000 USD
Medical - FOR SALE
1/45
null | Request Cap Rate

688 Alliance Pky
Hewitt, TX 76643


HIGHLIGHTS

  • Prime location in Hewitt with excellent access to IH-35 and regional connectivity
  • Class B medical/office building offering modern design and functionality
  • Single-story layout with efficient floor plan and sprinkler system for safety
  • High parking ratio with 48 surface spaces for staff and visitors
  • Built in 2008 with contemporary finishes and strong curb appeal
  • Ideal for medical practices or professional offices in a growing Central Texas market

OVERVIEW

Positioned in the thriving Hewitt submarket near Waco, this Class B medical/office property offers an exceptional opportunity for owner-users or investors seeking a strategic location in Central Texas. Built in 2008, the building delivers modern functionality with a single-story layout and a 3-Star rating, making it ideal for medical practices, professional offices, or specialty services. The property spans 6,219 square feet and features a sprinklered design for enhanced safety, abundant natural light, and an efficient floor plan that supports a variety of configurations. With 48 surface parking spaces at a ratio of 7.72 per 1,000 SF, the site ensures convenient access for staff and patients alike. Its location along Alliance Parkway provides excellent connectivity to IH-35, placing Waco, Temple, and the Greater Austin corridor within easy reach. Surrounded by a mix of residential neighborhoods and commercial developments, the property benefits from strong demographics and proximity to major healthcare providers, retail centers, and dining options. This combination of visibility, accessibility, and adaptability positions the asset as a prime candidate for medical or office use in a growing market. Whether you’re expanding your footprint or investing in a high-demand corridor, 688 Alliance Pkwy offers the flexibility and quality needed to support long-term success.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$402 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

M

APN/PARCEL ID

36-022600-000202-0

ASK ABOUT THIS PROPERTY

Abbas RahimiAbbas RahimiMore Info
254-709-5212

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Abbas RahimiAbbas RahimiMore Info
254-709-5212

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.