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Downtown Retail Redevelopment Shell

403 N Gray Street Killeen, TX 76541

403 N Gray Street, Killeen, TX, 76541
$500,000
For Sale
$500,000

COMMERCIAL - Killeen, TX

Lot Size0.18 Acres
Days on Market66

Property Features for 403 N Gray Street

General Information

Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Accessibility
Accessible Approach with Ramp
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

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
Killeen, TX
Listed by Anthony Rodriguez · License #0501389
Added: May 14 Checked: Jul 18 at 5:06 am
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.


Investment Insights

Based on property information with market context.

403 N Gray Street, Killeen, TX 76541 offers a retail redevelopment opportunity in the heart of Downtown Killeen’s Historic Overlay District. The building has been fully demoed to the studs, leaving a clean structural shell suitable for a customized build-out without legacy interior constraints.

The property is positioned within the city’s downtown revitalization corridor and is identified as having strong visibility per the listing remarks. Zoning is noted as B-5 (Central Business District), and the Historic Overlay District designation is also indicated.

The listing also references flexible use potential for retail, restaurant, office, entertainment, mixed-use, and service concepts, subject to applicable approvals. This is a property intended for investors and developers looking to shape the improvements from the ground up following the completion of interior demolition.

Key Highlights

  • Brick building with metal roof in Downtown Killeen’s Historic Overlay District at 403 N. Gray St.
  • Interior demolition completed to the studs, offering a clean structural shell for redevelopment.
  • B‑5 (Central Business District) zoning with flexible use potential including retail, restaurant, office, entertainment, mixed‑use, and service.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Bellco Park Park

Suggested Use

Dental Office Pharmacy Real Estate Agency Building Supply Cafe & Coffee Shop Kitchen & Bath Showroom Electrical Service (Bike/Boat/Book/etc) Store Parking Lot & Garage (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Retail space - Retail redevelopment opportunity with interior demolition completed to a clean structural shell in a Historic Overlay District.
Where is this retail space 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: Brick building with metal roof in Downtown Killeen’s Historic Overlay District at 403 N. Gray St.; Interior demolition completed to the studs, offering a clean structural shell for redevelopment.; B‑5 (Central Business District) zoning with flexible use potential including retail, restaurant, office, entertainment, mixed‑use, and service.
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