Flexible Retail Building with
420 E Avenue C Killeen, TX 76541
420 E Avenue C, Killeen, TX, 76541
$1,500,000
For Sale
$1,500,000
COMMERCIAL - Killeen, TX
Property Size21,850 SF
Lot Size0.79 Acres
Price / SF$68.65
Days on Market38
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
- 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
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1957
- Floors in Building
- 1
- Flooring type
- Tile, Carpet, Concrete
- Building materials
- Block, Masonry, Concrete
Listing agency
Linnemann Realty
(254) 628-9272
Listed by
Scott Thomison · License #0667138
(254) 760-0957
Added: Jun 16 Updated: Jul 11 at 4:31PM Checked: Jul 23 at 2:06AM
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 flexible commercial retail offering consists of approximately 21,850 square feet across two parcels on 0.79 acres. Built in 1957 with single-story construction, the property provides large open floor plans designed for high-occupancy uses. A certificate of occupancy is in place, and the space has been inspected and stated to be code compliant, including a code-compliant fire sprinkler system. The building is also fully equipped with a commercial kitchen.
Zoned B5, the property includes 49 on-site parking spaces. It is described as having excellent visibility and accessibility, with convenient proximity to Business Highway 190 and Interstate 14, and is within walking distance to government offices, restaurants, retail, and downtown amenities.
The layout and improvements support flexible retail operations, with the commercial kitchen configuration and open floor plan providing a practical base for businesses that need a high-capacity interior and prepared food service capabilities.
Zoned B5, the property includes 49 on-site parking spaces. It is described as having excellent visibility and accessibility, with convenient proximity to Business Highway 190 and Interstate 14, and is within walking distance to government offices, restaurants, retail, and downtown amenities.
The layout and improvements support flexible retail operations, with the commercial kitchen configuration and open floor plan providing a practical base for businesses that need a high-capacity interior and prepared food service capabilities.
Key Highlights
- Approximately 21,850 SF of flexible commercial space on 0.79 acres across two parcels (7202 & 7198)
- Single‑story building built in 1957 with large open floor plans for high‑occupancy uses
- Fully equipped commercial kitchen plus carpet, concrete, and tile flooring
Local 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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Twice as Funny ...
Nightclub
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Single-story flexible retail space on two parcels with an equipped commercial kitchen and code-compliant sprinkler system.
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 of flexible commercial space on 0.79 acres across two parcels (7202 & 7198); Single‑story building built in 1957 with large open floor plans for high‑occupancy uses; Fully equipped commercial kitchen plus carpet, concrete, and tile flooring
