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803 Central Texas Expy Killeen, TX 76541

For Sale
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132-Key Hotel, Distressed Sale

Description

Added:
Dec 11, 2024
Days on Market:
365
This six-story, 132-key hotel in Killeen, Texas presents a compelling redevelopment opportunity. Located at 803 W Central Texas Expy, 76541, this concrete and block structure boasts excellent visibility from Interstate 14 and Central Texas Expressway. Originally built in 1984, the hotel features 116 standard rooms and 16 suites, all non-smoking. Its prime location offers easy access to major employers including Fort Cavazos, Darnall Army Medical Center, and Killeen Independent School District, as well as leisure attractions like the 1st Cavalry Division Museum and Killeen Mall. The property's strategic positioning caters to both business and leisure travelers, benefiting from proximity to Killeen-Fort Cavazos Regional Airport (GRK). Franchise approvals are in place, and pre-approved plans are available for a seamless transition. This distressed sale offers significant potential for investors seeking to capitalize on the thriving Killeen hospitality market. The property's strong location and existing infrastructure provide a solid foundation for a successful hotel redevelopment project. This is a unique chance to acquire a substantial hotel property in a rapidly growing area with high demand for hospitality services.

Property Features for 803 Central Texas Expy

General Information

Property type
Hotels

Building Details

Stories
6

HighLights

  • Excellent visibility from I‑14 and Central Texas Expressway.
  • Six‑story, 132‑key hotel in Killeen, TX, built in 1984.
  • Prime location near Fort Cavazos, Darnall Army Medical Center, and Killeen‑Fort Cavazos Regional Airport (GRK).
  • Strong location benefits both business and leisure travelers, with proximity to major employers and attractions.
  • Distressed sale offering significant redevelopment potential with pre‑approved plans and franchise approvals in place.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Red Lion Hotel ... Hotel OYO Hotel Killeen ... Hotel Brotherhood Bar & Lounge Bar Taj Restaurant & Bar, ... Restaurant

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
Killeen
County
Bell
State
Texas
Longitude
-97.733191005971
Latitude
31.095501063076

FAQs

What type of property is this?
Hotel - 132-Key Hotel, Distressed Sale
Where is this hotel located?
The property is located at 803 Central Texas Expy Killeen, TX.
What are key features of this property?
This property features: Excellent visibility from I-14 and Central Texas Expressway.; Six-story, 132-key hotel in Killeen, TX, built in 1984.; Prime location near Fort Cavazos, Darnall Army Medical Center, and Killeen-Fort Cavazos Regional Airport (GRK).
More about this property
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