Retail Space with Fully Equipped Commercial
For Sale
$1,500,000
420 E Avenue C, Killeen, TX 76541
COMMERCIAL - Killeen, TX
Property Size21,850 SF
Lot Size0.79 Acres
Price / SF$68.65
Days on Market51
Property Features for 420 E Avenue C
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B5
Parking features
Special Needs
Accessibility
Accessible Approach with Ramp
Subdivision
Killeen Original
Lot features
Alley, Corner Lot, City Lot, Quarter To Half Acre Lot
Directions
From Veterans Memorial Blvd. and 10th Street, head north on 10th Street, crossing the railroad tracks. The property is located at the corner of 10th Street and Avenue C.
Standard status
Active
APN
7202
Size
21,850 SF
Lot size
0.79 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
KILLEEN ORIGINAL, BLOCK 012, LOT 12, PT 11, (E 50' OF 11)
Tax Annual Amount
15082
Legal Description
KILLEEN ORIGINAL, BLOCK 012, LOT 12, PT 11, (E 50' OF 11)
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
fully equipped commercial kitchen
large open floor plans
Building Details
Year built
1957
Floors in Building
1
Flooring type
Concrete, Carpet, Tile
Building materials
Block, Masonry, Concrete
Listing Agency:
Linnemann Realty
(254) 628-9272
Listed By:
Scott Thomison · License #0667138
(254) 760-0957
Added: Jun 16
Changed: Aug 4
Last Checked: Aug 5 at 5:06AM
MLS# 617067
Copyright © 2026 Central Texas Multiple Listing Service. 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.
This retail space offers approximately 21,850 SF of flexible commercial area, presented as a two-parcel offering on 0.79 acres (parcels 7202 & 7198). Built in 1957 as single-story block and masonry construction with concrete elements, the property includes large open floor plans intended for high-occupancy uses and a fully equipped commercial kitchen. A Certificate of Occupancy is in place, and the building is described as inspected and code compliant. The site also features a code-compliant fire sprinkler system, accessible approach with ramp, and central electric heating and central air conditioning.
The property provides 49 on-site parking spaces, with public water and public sewer service. It is minutes from Business Highway 190 / Interstate 14 and within walking distance to government offices, restaurants, retail, and downtown amenities.
With its flexible interior layout and operational readiness, the property is positioned as a practical choice for a retail tenant seeking an equipped kitchen and ample on-site parking.
The property provides 49 on-site parking spaces, with public water and public sewer service. It is minutes from Business Highway 190 / Interstate 14 and within walking distance to government offices, restaurants, retail, and downtown amenities.
With its flexible interior layout and operational readiness, the property is positioned as a practical choice for a retail tenant seeking an equipped kitchen and ample on-site parking.
Key Highlights
- Approximately 21,850 SF flexible retail/commercial space
- Two‑parcel offering on 0.79 acres (parcels 7202 & 7198)
- Fully equipped commercial kitchen and large open floor plans
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $209.8k | $9.60 |
| − Vacancy | −$12.6k | −$0.58 |
| EGI | $197.2k | $9.02 |
| − OpEx | −$59.2k | −$2.71 |
| NOI | $138.0k | $6.32 |
21,850 SF · lease $9.60/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$4.54M
$3.97M – $5.29M
NOI $317,590 @ 7.0% cap · market cap 21.17%
Second Best
Retail
$3.71M
$3.25M – $4.33M
NOI $259,893 @ 7.0% cap · market cap 17.33%
Theoretical Best
Office A
$5.25M
$4.59M – $6.12M
NOI $367,374 @ 7.0% cap · market cap 24.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,583
Businesses Nearby
Explore this area
Business Placement
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - B5-zoned single-story retail space with an equipped kitchen and 49 parking spaces.
Where is this retail space located?
The property is located at 420 E Avenue C Killeen, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 21,850 SF flexible retail/commercial space; Two‑parcel offering on 0.79 acres (parcels 7202 & 7198); Fully equipped commercial kitchen and large open floor plans
