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Downtown Killeen R-3 Zoned Lot

1406 N Gray St, Killeen, TX 76541

For Sale
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R-3 zoned lot in Killeen's rapidly evolving downtown.

Property SizeContact for details
Days on Market228

Property Features for 1406 N Gray St

General Information

Standard status Active
Property subtype Land
Listing Agency: Real Broker, Llc
Listed By: Michelle Johnson · License TX #0787405
Source: Exprealty
Added: Mar 27 Changed: Oct 26 Last Checked: Nov 8 at 6:42AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker, Llc

Rey
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Investment Insights

Based on property information with market context.

Located at 1406 N Gray Street in Downtown Killeen, this R-3 zoned lot presents an opportunity for investors and builders. The property is situated within the Greater Downtown district, an area undergoing transformation with new businesses, job growth, and continued investment. The City of Killeen is focused on enhancing the downtown area through infrastructure improvements, community development, and long-term growth initiatives. The R-3 zoning allows for multi-family or higher-density residential development. The location has a bike score of 45, indicating it is somewhat bikeable, and a walk score of 58, suggesting it is somewhat walkable.

Key Highlights

  • R‑3 zoning allows for multi‑family or higher‑density residential development.
  • Located in the Greater Downtown district of Killeen, an area experiencing significant transformation and revitalization.
  • The City of Killeen is actively investing in downtown infrastructure improvements and community development.

Property Analytics

Who owns this building? See the owner, sales and loan history
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Suggested Use

Top Pick Dental Office Carpet & Flooring Store (Bike/Boat/Book/etc) Store Butcher Parking Lot & Garage Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

677
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - R-3 zoned lot in Killeen's rapidly evolving downtown.
Where is this residential land & home lot located?
The property is located at 1406 N Gray St Killeen, TX.
What are key features of this property?
This property features: R‑3 zoning allows for multi‑family or higher‑density residential development.; Located in the Greater Downtown district of Killeen, an area experiencing significant transformation and revitalization.; The City of Killeen is actively investing in downtown infrastructure improvements and community development.
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