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Avenue C Killeen, TX 76541

OFF-MARKET Commercial real estate Google Maps
0.53 ac lot Built 1957
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional commercial property presents a unique investment opportunity in the heart of downtown Killeen, Texas. The single-story building, encompassing 21,830 square feet, currently operates as the successful Twice as Funny Comedy Club. The property sits on a 0.79-acre lot, providing ample parking with 49 spaces. Its B5 zoning allows for a wide range of commercial uses, offering significant flexibility for future development. The interior boasts multiple rooms, well-equipped kitchen areas, and numerous bathrooms, all designed to efficiently accommodate a large volume of patrons. The existing comedy club business is operational until May 2024, providing a proven income stream and established clientele. All contents within the building convey with the sale, representing a turnkey operation. Located in a vibrant downtown area, this property benefits from high visibility and easy access. The substantial size of the building, combined with the ample parking and flexible zoning, makes this an ideal investment for both seasoned entrepreneurs and those seeking a high-return opportunity in a growing Texas market. The asking price is $2,700,000. This is a rare chance to acquire a well-established business and prime real estate in a desirable location.

Property profile

Verified
Property type Commercial real estate
Year built 1957
Lot 0.53 ac (23,087 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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