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802-806 N Gray St
Killeen, TX 76541
Retail Property For Sale
Investment Highlights
- 3 Suite Standalone Building on a Hard Corner in the heart of downtown Killeen, Texas.
- Multi Tenant Free Standing Retail/Flex Center
- New Roof in 2022 / Drive-thru Buildout
- Over 250 feet of high visibility frontage on two major downtown streets
- Property Use - Retail, Flex, Restaurant, Event Center, Office, etc...
- Positive NOI with only 1 Suite Leased
Executive Summary
Premier investment opportunity in the heart of booming downtown Killeen, Texas. Located along the Central Texas Growth Corridor, Killeen in positioned to capitalize on the
strong population growth Texas is experiencing.
Priced significantly below market value, the property offers three separate tenant spaces with one currently leased. Ideal scenario for an investor or owner user with the extra perk of mailbox money.
Downtown Killeen is going through a Revitalization movement with 35+ new business moving to the area.The property offers over 250 feet of high visibility frontage on two major downtown streets to take full advantage of this uptake in demand.
Current local area developments include: Killeen Business Park Expansion, Wolf Technology Park, Dongjin Semichem Facility, Bell County Annex Development, Local Retail & Residential Development.
CapEx: New Roof 2022, Parking Lot Updates, Electrical Updates, Interior and Exterior Paint, Space Build-Outs.
strong population growth Texas is experiencing.
Priced significantly below market value, the property offers three separate tenant spaces with one currently leased. Ideal scenario for an investor or owner user with the extra perk of mailbox money.
Downtown Killeen is going through a Revitalization movement with 35+ new business moving to the area.The property offers over 250 feet of high visibility frontage on two major downtown streets to take full advantage of this uptake in demand.
Current local area developments include: Killeen Business Park Expansion, Wolf Technology Park, Dongjin Semichem Facility, Bell County Annex Development, Local Retail & Residential Development.
CapEx: New Roof 2022, Parking Lot Updates, Electrical Updates, Interior and Exterior Paint, Space Build-Outs.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,496 SF
Building Class
C
Year Built/Renovated
1962/2000
Percent Leased
35%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.51
Lot Size
0.43 AC
Zoning
B-2 commercial - Commercial suitable for multiple uses. Could be a warehouse, distribution point, retail space, restaurant, beauty, etc.
Parking
15 Spaces (1.58 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Pylon Sign
- Signage
- Drive Thru
- Storage Space
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | 36383 | Improvements Assessment | $316,562 |
| Land Assessment | $56,250 | Total Assessment | $372,812 |
Property Taxes
Parcel Number
36383
Land Assessment
$56,250
Improvements Assessment
$316,562
Total Assessment
$372,812
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