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Mixed-Use Redevelopment Shell
New
For Sale
$500,000

403 N Gray Street, Killeen, TX 76541

B5-zoned downtown building offers a cleared interior for a customized commercial build-out.

Property Size7,420 SF
Price / SF$67.39
Days on Market3

Property Features for 403 N Gray Street

General Information

Standard status Active
Size 7,420 SF
Property subtype Commercial
Zoning B5

Building Details

Building Size 7,420 SF
Year Built 1966
Buildings 1
Stories 1
Units 1
Listing Agency: Empyral Group, Llc
Listed By: Anthony Rodriguez · License #0501389
Source: Fullhouserealtytx
Added: Aug 8 Changed: Aug 9 Last Checked: Aug 9 at 10:07AM

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

Investment Insights

Based on property information with market context.

This mixed-use property contains 7,420 square feet in a building constructed in 1966. Interior finishes have been removed back to the structural shell, leaving the space prepared for a new configuration without existing interior improvements. The property is positioned for redevelopment with potential applications that include retail, restaurant, office, entertainment, service, and mixed-use concepts.

Located at 403 N. Gray Street in Downtown Killeen, the building is within the city’s Historic Overlay District and carries B5, Central Business District zoning. Its downtown setting and stated visibility support consideration for a range of commercial redevelopment plans.

Key Highlights

  • 7,420 SF mixed‑use property
  • Interior cleared to the structural shell for redevelopment
  • B5, Central Business District zoning

Property Analytics

Current Use

Bellco Park Park

Suggested Use

Top Pick Dental Office Pharmacy Real Estate Agency Building Supply Cafe & Coffee Shop Kitchen & Bath Showroom

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

1,572
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

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - B5-zoned downtown building offers a cleared interior for a customized 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 SF mixed‑use property; Interior cleared to the structural shell for redevelopment; B5, Central Business District zoning
More about this property
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