Reid Peevey Commercial

Not every vacant building is a bad property.

Sometimes the issue isn’t the location, size, or condition. It’s pricing, visibility, timing, or how the property is being marketed.

The most successful commercial transactions happen when owners understand how their property fits into today’s market and what tenants or buyers are actually looking for.

A property can only attract the right opportunity if the right people know it exists.

That’s where local market knowledge makes the difference. Understanding demand, competition, traffic patterns, and future growth can help position a property for success. Reid Peevey Commercial specializes in helping clients navigate those decisions throughout the Waco market.

Not all retail spaces are created equal.

Before committing to a location, it’s important to consider factors like visibility, traffic patterns, parking, neighboring businesses, and whether the space fits your operational needs.

The right location can support long-term success, while the wrong one can create challenges from day one.

Congratulations to everyone involved in the sale of 6510 & 6520 Premier Drive in Central Professional Park.

Jim Peevey, SIOR, CCIM, and Griffin Peevey of Reid Peevey Commercial represented the seller, while Josh Barrett of Reid Peevey Commercial procured the buyer.

The property was purchased for a future office and medical office development, continuing the growth of professional services in the area.

For Lease—Medical Grade Flex Space

Office Area: 6,600 SF
Control Room and Lab Area: 15,000 SF
Warehouse: 16,000 SF (optional)
Parking Ration: 5 per 1,000
ISO Class 7 Manufacturing Area
IOS Class 8 Gowning and Packaging Areas
Owner-Occupied Building

Close Proximity to Baylor University’s Research and Innovation Collaborative (BRIC) and Texas State Technical College.

Jim Peevey, SIOR, CCIM and Griffin Peevey proudly represented Heart of Texas Goodwill Industries in the site selection and acquisition of approximately 5.5 acres located at the corner of Hewitt Drive and Ritchie Road.

The new location will bring a future Goodwill store to one of the area’s growing corridors, continuing investment and expansion throughout the community.

We’re grateful to be part of projects that create long-term impact and help support the continued growth of the Waco market.

A day for family, friends, and remembering those who made it all possible. 🇺🇸

GOOD FOOD HELPS. GOOD LOCATION MATTERS MORE. A great restaurant needs more than a great menu. Visibility, parking, traffic flow, surrounding tenants, accessibility, and demographics all play a major role in long-term success.

The right location can increase repeat traffic, strengthen brand recognition, and create a better customer experience before someone even walks through the door.

In commercial real estate, restaurant space is one of the most strategic categories to get right.

At Reid Peevey Commercial, we help clients navigate leasing, sales, and investments with clarity and confidence. Whether you’re expanding, relocating, or evaluating your next move, our focus is simple: deliver the right solution for your goals.

Let’s make your next decision a smart one.

Waco continues to attract companies looking for strategic access between Dallas and Austin, a growing workforce, and room to expand.

Location, affordability, and momentum are creating opportunities across multiple sectors.

Waco’s location, continued population growth, expanding infrastructure, and business-friendly environment are drawing attention from local investors, developers, and national tenants alike. As more groups enter the market, well-positioned commercial space is becoming increasingly competitive.