Downtown Killeen Redevelopment
403 N Gray Street Killeen, TX 76541
403 N Gray Street, Killeen, TX, 76541
$500,000
For Sale
$500,000
COMMERCIAL - Killeen, TX
Property Size7,420 SF
Lot Size0.18 Acres
Price / SF$67.39
Days on Market153
Property Features for 403 N Gray Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B5
- Accessibility
- Accessible Approach with Ramp
- 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
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
2602 S Ft Hood St #100, TX
Listed by
Anthony Rodriguez · License #0501389
(254) 702-3165
Added: Feb 16 Checked: Jul 19 at 7:06 am
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 in the heart of Downtown Killeen's Historic Overlay District, 403 N. Gray Street offers a value-add redevelopment opportunity. The building, measuring 7420 square feet, has been fully demoed to the studs, creating a clean structural shell. This allows investors or developers to design and execute a customized build-out strategy without legacy interior constraints. The property is zoned B-5 (Central Business District) and is situated on a lot of 0.175 acres. Given its location within the city's active downtown revitalization corridor, the property may benefit from layered public incentives and historic tax credits that could enhance overall project feasibility and long-term returns. The property has flexible use potential, including retail, restaurant, office, entertainment, mixed-use, and service. It offers strong visibility in the Downtown Killeen location and is ready for redevelopment.
Key Highlights
- Prime Downtown Killeen location within the Historic Overlay District, offering strong visibility
- Fully demoed interior to the studs, providing a clean slate for customized redevelopment
- B‑5 (Central Business District) zoning allows for flexible use potential
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bellco Park
Park
Similar For Sale Nearby
Similar Off Market Nearby
- A Flowers Touch — 710 W Rancier Ave Ste 230, Killeen, TX 76541
- Christell's Weddings & Events — 214 E Avenue B, Killeen, TX 76541
FAQs
What type of property is this?
Storefront property - Value-add redevelopment opportunity in Killeen's Historic Overlay District.
Where is this storefront 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: Prime Downtown Killeen location within the Historic Overlay District, offering strong visibility; Fully demoed interior to the studs, providing a clean slate for customized redevelopment; B‑5 (Central Business District) zoning allows for flexible use potential
