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Investment Highlights

  • Building is in Shell Condition
  • Offered at $450,000, enabling entry at a competitive price point in an established healthcare district.
  • 12,346-square-foot office building situated on 2.61 acres with B-5 zoning for flexible commercial applications.
  • Includes 65 designated parking spaces, promoting ease of access for staff and clients.

Executive Summary

1003 Medical Drive offers a compelling opportunity for both investors and owner-users seeking a versatile office property in the heart of Killeen’s growing medical and professional corridor. This 12,346-square-foot building sits on a 2.61-acre parcel with generous on-site parking (65 spaces), providing convenience and functionality for future occupants. The building is currently in shell condition, allowing customization for varied medical, administrative, or service-focused layouts based on user requirements.
Positioned within a strong regional healthcare hub and residential growth area, the site benefits from steady local demand and proximity to major thoroughfares, ensuring effortless connectivity throughout Killeen and surrounding areas. Public infrastructure, including utilities and street access, are fully established, reducing development timelines for adaptive reuse or full build-out.
Its zoning designation (B-5) supports a range of commercial uses, offering flexibility for operators looking to optimize space for single or multi-tenant occupancy. With its substantial land size and building footprint, this property presents clear potential for operational efficiency or redevelopment upside in a dynamic Central Texas market.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Office
Building Size
12,346 SF
Building Class
C
Year Built/Renovated
1980/2024
Price
$450,000
Price Per SF
$36.45
Tenancy
Single
Building Height
1 Story
Typical Floor Size
12,346 SF
Building FAR
0.11
Lot Size
2.61 AC
Zoning
B-5 - Business
Parking
65 Spaces (5.26 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 79575
  • 1013
Land Assessment
$331,628
Improvements Assessment
$84,575
Total Assessment
$416,203
  • Listing ID: 31739601

  • Date on Market: 5/8/2024

  • Last Updated:

  • Address: 1003 Medical Dr, Killeen, TX 76543

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