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Downtown Commercial Land
For Sale
$485,000

403 N Gray Street, Killeen, TX 76541

CommercialSale, Killeen, TX

Property SizeContact for details
Lot Size0.18 Acres
Days on Market99

Property Features for 403 N Gray Street

General Information

Property type Commercial Sale
Property subtype Other
Property condition Under Construction
Zoning description B5
Parking features Parking Lot
Accessibility Accessible Approach with Ramp
Subdivision Killeen Original
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
Lot size 0.18 Acres

Taxes and HOA fees

Tax Description KILLEEN ORIGINAL, BLOCK 006, LOT PT 4, (SE PT
Tax Annual Amount 7480
Legal Description KILLEEN ORIGINAL, BLOCK 006, LOT PT 4, (SE PT

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Central
Cooling system Central Air
Water source Public

Building Details

Year built 1966
Floors in Building 1
Number of units 1
Flooring type Concrete
Building materials Brick
Roof type Metal
Listing Agency: Empyral Group, Llc
Listed By: Anthony Rodriguez · License #0501389
Added: Jul 10 Changed: Oct 14 Last Checked: Oct 16 at 4:06PM
MLS# 21178745

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This commercial land offering includes a 0.175-acre property at 403 N Gray Street in Killeen. The existing 1966 structure has been stripped to its structural shell, with interior demolition completed and concrete flooring remaining. Brick construction, a metal roof, central air, electric heat, a parking lot, and an accessible ramp are also present. The property is classified as under construction.

Located in Downtown Killeen's Historic Overlay District, the site carries B-5 Central Business District zoning. Public water and public sewer serve the property. The source information identifies potential applications including retail, restaurant, office, entertainment, mixed-use, and service uses, subject to applicable approvals and requirements.

Key Highlights

  • 0.175‑acre commercial property at 403 N Gray Street, Killeen, TX 76541
  • B‑5 (Central Business District) zoning
  • Located within Downtown Killeen's Historic Overlay District

Property Analytics

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Current Use

Bellco Park Park

Suggested Use

Top Pick Dental Office Building Supply Real Estate Agency Big Box & Wholesale Store Pharmacy 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

1,583
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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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Commercial land - Redevelopment property with B-5 zoning, historic-overlay designation, and a cleared interior shell for customized improvements.
Where is this commercial land located?
The property is located at 403 N Gray Street Killeen, TX.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 0.175‑acre commercial property at 403 N Gray Street, Killeen, TX 76541; B‑5 (Central Business District) zoning; Located within Downtown Killeen's Historic Overlay District
More about this property
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