Mixed-Use Redevelopment
For Sale
$500,000
403 N Gray Street, Killeen, TX 76541
CommercialSale, Killeen, TX
Property Size7,420 SF
Lot Size0.18 Acres
Price / SF$67.39
Days on Market199
Property Features for 403 N Gray Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B5
Accessibility
Accessible Approach with Ramp
Subdivision
Killeen Original
Lot features
City Lot, Less Than Quarter Acre
Elementary school
Maude Moore Wood Elementary School
Middle school
Rancier Middle School
High school
Killeen High School
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
Head southwest on I14, Take exit 284 toward Trimmier Rd, Merge onto E Central Texas Expy, Turn right onto Trimmier Rd, Turn left onto E Hallmark Ave, Turn right onto S Gray St, & Destination will be on the left
Standard status
Active
APN
25641
Size
7,420 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
KILLEEN ORIGINAL, BLOCK 006, LOT PT 4, (SE PT OF 4), (140.13' X 55' X 84.87' X 1.56' X 55.29' X 53.44'), ACRES .175
Tax Annual Amount
7480
Legal Description
KILLEEN ORIGINAL, BLOCK 006, LOT PT 4, (SE PT OF 4), (140.13' X 55' X 84.87' X 1.56' X 55.29' X 53.44'), ACRES .175
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1966
Floors in Building
1
Flooring type
Concrete
Building materials
Brick, Masonry
Roof type
Metal
Listing Agency:
Empyral Group, Llc
(254) 526-0399
Listed By:
Anthony Rodriguez · License #0501389
(254) 702-3165
Added: Feb 16
Changed: Aug 20
Last Checked: Sep 3 at 3:06PM
MLS# 603225
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 403 N. Gray Street in downtown Killeen, this 7,420-square-foot mixed-use property offers a cleared interior for redevelopment. The building dates to 1966 and features brick and masonry construction, concrete flooring, a metal roof, and an accessible approach with ramp.
The property carries B5 zoning and sits within the Downtown Killeen Historic Overlay District. Public water and public sewer serve the site. With the interior removed, the existing structure provides a starting point for a new layout suited to retail, restaurant, office, entertainment, mixed-use, or service applications identified for the property.
The property carries B5 zoning and sits within the Downtown Killeen Historic Overlay District. Public water and public sewer serve the site. With the interior removed, the existing structure provides a starting point for a new layout suited to retail, restaurant, office, entertainment, mixed-use, or service applications identified for the property.
Key Highlights
- 7,420‑square‑foot building on 0.175 acres
- B5 zoning within the Downtown Killeen Historic Overlay District
- Interior demolition completed for redevelopment
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,572
Businesses Nearby
Explore this area
Business Placement
Demographics for 76541, TX
19,641
Population
10,207
Households
1.9
Avg Household Size
32
Median Age
12%
College-Educated
83%
High-School Grad
4.9 sq mi
ZIP Area
4,008
Density / Sq Mi
$36,739
Median Household Income
$27,869
Median Earnings
$858
Median Rent
$97,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Interior demolition leaves a configurable shell for a new commercial build-out.
Where is this mixed-use property located?
The property is located at 403 N Gray Street Killeen, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 7,420‑square‑foot building on 0.175 acres; B5 zoning within the Downtown Killeen Historic Overlay District; Interior demolition completed for redevelopment
