Downtown Killeen Commercial
623 S 2nd St Killeen, TX 76541
For Sale
$250,000
High-visibility commercial building ideal for brand-driven business.
Property Size960 SF
Price / SF$260.42
Days on Market94
Property Features for 623 S 2nd St
General Information
- Standard status
- Active
- Size
- 960 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1984
Listing Agency:
Blessed Properties
(833) 427-8925
Listed By:
Patrick Purifoy · License #0550494
(833) 427-8925
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 5:21AM
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 Blessed Properties
Investment Insights
Based on property information with market context.
Located on a high-exposure corner lot in downtown Killeen, this commercial building offers an opportunity for an owner-user to establish a permanent home for a brand-driven business. The building, with ±960 square feet, was previously used as a car dealership office. The space is suited for creative and client-facing concepts such as a photography studio, podcast or content creation studio, music or recording space, art studio, design firm, boutique salon, or a hybrid creative office. Prominent frontage and corner visibility allow a business to be seen and recognized. The exterior can be branded, and the interior can be curated. Downtown Killeen offers proximity to established businesses, surrounding residential density, and steady drive-by traffic, making this location ideal for appointment-based and brand-centric operations. The site also supports hybrid concepts that combine creative production, office use, and client consultation under one roof. The location is designed for businesses that value presence over size, identity over anonymity, and ownership over rent. The bike score is 51, indicating it is bikeable, and the walk score is 68, indicating it is somewhat walkable.
Key Highlights
- High‑exposure corner lot in downtown Killeen offering prominent frontage and visibility.
- Opportunity for an owner‑user to establish a permanent, branded business location.
- Well‑suited for creative and client‑facing businesses (photography, design, salon, etc.).
Financial Insights For Office B
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 | $20.7k | $21.60 |
| − Vacancy | −$3.8k | −$3.97 |
| EGI | $16.9k | $17.63 |
| − OpEx | −$4.2k | −$4.41 |
| NOI | $12.7k | $13.22 |
960 SF · lease $21.60/SF/yr · vacancy 18.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$181.3K
$158.6K – $211.5K
NOI $12,690 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$230.6K
$201.8K – $269.0K
NOI $16,141 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Like Home Vacation ...
Hotel & Motel
Logistics Country
Logistics Company
Used cars 4 ...
Car Dealership
Killeen Tax & Multiservices
Tax Preparation
FAQs
What type of property is this?
Creative space - High-visibility commercial building ideal for brand-driven business.
Where is this creative space located?
The property is located at 623 S 2nd St Killeen, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: High‑exposure corner lot in downtown Killeen offering prominent frontage and visibility.; Opportunity for an owner‑user to establish a permanent, branded business location.; Well‑suited for creative and client‑facing businesses (photography, design, salon, etc.).
