Redevelopment Retail and Office Building

403 N Gray Street, Killeen, TX 76541

View on Map

For Sale

$500,000

Fully demoed retail and office shell in a historic downtown overlay, suited for flexible redevelopment concepts.

Type:Commercial

Property size:

7,420 SF

Price / SF:

$67/SF

HighLights

403 N. Gray St in Downtown Killeen’s Historic Overlay District, built in 1966
Interior demolition completed to the studs, leaving a clean structural shell for redevelopment
B‑5 (Central Business District) zoning
Flexible redevelopment use potential listed: retail, restaurant, office, entertainment, mixed‑use, and service

We can help!

Listing Contact

Anthony Rodriguez

Learn more

For Sale

$500,000

Fully demoed retail and office shell in a historic downtown overlay, suited for flexible redevelopment concepts.

Type:Commercial

Property size:

7,420 SF

Price / SF:

$67/SF

Added:: Jun 4, 2026
Days on Market:: 8
Last Refresh:: Jun 5 at 1:47 am

Property Features for 403 N Gray Street

General Information

Standard status: Active
Size: 7,420 SF
Property subtype: Commercial

Building Details

Year Built: 1966

We can help!

Listing Contact

Anthony Rodriguez

Listing agent Anthony Rodriguez License #0501389

Listing office Empyral Group, Llc

Listing date Jun 4, 2026

Source Signaturere

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 Empyral Group, Llc

HighLights

403 N. Gray St in Downtown Killeen’s Historic Overlay District, built in 1966
Interior demolition completed to the studs, leaving a clean structural shell for redevelopment
B‑5 (Central Business District) zoning
Flexible redevelopment use potential listed: retail, restaurant, office, entertainment, mixed‑use, and service

Overview

403 N. Gray Street is a retail and office building positioned within Downtown Killeen’s Historic Overlay District. The property has been fully demoed to the studs, leaving a clean structural shell that supports a customized redevelopment approach without legacy interior constraints. With flexible use potential identified for retail, restaurant, office, entertainment, mixed-use, and service uses, the building can be reconfigured to fit a tenant or operator’s specific program.

The site sits in the City’s active downtown revitalization corridor and is located in a district designated by historic overlay requirements. Zoning is listed as B-5 (Central Business District), which can support a range of commercial activities. Because the property is within the Historic Overlay District, the remarks note the possibility of layered public incentives and historic tax credits that may enhance project feasibility and long-term considerations.

For buyers, developers, and experienced tenants seeking a ground-up interior strategy, this property offers a straightforward redevelopment canvas with demolition already completed. Its B-5 zoning and historic overlay designation support planning for a retail-forward concept, service use, or mixed-use direction, subject to applicable approvals and final design requirements.

Location Intelligence

Current Use by Public Records

Bellco Park Park

Suggested Use

Similar Places Nearby

A Flowers Touch — 710 W Rancier Ave Ste 230, Killeen, TX 76541
Christell's Weddings & Events — 214 E Avenue B, Killeen, TX 76541

Location Insight

Map
Local Demand

City: Killeen
County: Bell
State: Texas
Longitude: -97.727891
Latitude: 31.121824

Nearby Similar for Sale

$1,200,000

7,625 SF

Mini-Storage Facility with Office

Renovated 85-unit mini-storage with on-site office and electronic entry gate on 2.14-acre parcel.

405,407,411,503 S Twin Creek Drive, Killeen, TX 76543

View Details
$585,000

8,400 SF

Two-Story Office Building in Killeen

Professional office building near Historic Downtown Killeen.

603 N 8th Street, Killeen, TX 76541

View Details
$750,000

6,700 SF

Turn-Key Auto Body Facility

Fully operational collision repair shop in Killeen, Texas.

621 S 2nd Street, Killeen, TX 76541

View Details
$500,000

7,420 SF

Downtown Killeen Redevelopment Opportunity

Value-add redevelopment opportunity in Killeen's Historic Overlay District.

403 N Gray Street, Killeen, TX 76541

View Details
$799,000

3,474 SF

High-Exposure Office Building on I-14

Professional office building with high visibility and accessibility.

701 W Central Texas Expressway, Killeen, TX 76541

View Details
$1,700,000

51,060 SF

Killeen Commercial Property For Sale

Remodeled commercial property featuring multiple buildings and extensive amenities.

2200 Trimmier Road, Killeen, TX 76541

View Details
$420,000

2,400 SF

Commercial Flex Space with Warehouse

New flex building combines heated office/showroom space with a warehouse bay door and service-ready access.

10378 Oakalla Road, Killeen, TX 76549

View Details
$450,000

4,000 SF

Killeen Church with Arched Ceilings

Church property featuring wooden arched ceilings and stained glass windows.

1207 Metropolitan Drive, Killeen, TX 76541

View Details
$1,200,000

1,598 SF

Chevron Gas Station Opportunity

Chevron gas station and convenience store for sale in Killeen.

907 North Gray Street, Killeen, TX 76541

View Details
$1,200,000

1,598 SF

Chevron Gas Station Opportunity

Chevron gas station and convenience store for sale in Killeen.

907 N Gray Street, Killeen, TX 76541

View Details
$250,000

10,541 SF

High-Exposure Corner Lot in Killeen

Commercial building on a high-exposure corner lot in downtown Killeen.

623 S 2nd Street, Killeen, TX 76541

View Details
$500,000

Downtown Redevelopment Retail-Office Building

Fully demoed structural shell with flexible use potential in a historic downtown overlay district.

403 N Gray Street, Killeen, TX 76541

View Details

For sale
Storefront properties
TX
Killeen
76541
403 N Gray Street

What type of property is this?

Storefront property - Fully demoed retail and office shell in a historic downtown overlay, suited for flexible redevelopment concepts.

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: 403 N. Gray St in Downtown Killeen’s Historic Overlay District, built in 1966; Interior demolition completed to the studs, leaving a clean structural shell for redevelopment; B‑5 (Central Business District) zoning