3500 Elms Rd Killeen, TX 76542

Property Details for 3500 Elms Rd

Lot size

9.50 lot acres

Property type

Land

Description

This exceptional 9.5-acre commercial land parcel presents a unique investment opportunity in the rapidly growing Killeen, Texas MSA, boasting an 8% growth rate since 2020. Strategically located on a corner lot at 3500 E Elms Rd, Killeen, TX 76542 (APN 170176), this property is directly adjacent to a Walmart, ensuring high visibility and accessibility. The land is zoned B-5, allowing for a wide range of commercial uses, including but not limited to: shopping centers, gas stations, storage facilities (including vehicle storage), single-family and multifamily residential developments, and retail establishments. A feasibility study with engineer drawings is available, outlining potential development plans for these uses. Utilities are conveniently located at the curb, featuring 4-inch water and 15-inch sewer lines. The property is offered for sale by the owner, DHAIVAKRIPA LLC, at an asking price of $1,100,000, with a land value ranging from $3 to $5 per square foot. The seller will consider dividing the property. Permitted uses under the B-5 zoning also include building material sales (with outside storage), large storage warehouses (over 25,000 square feet), veterinary clinics, pet kennels, passenger terminals, tire recapping/retreading, impound yards (without salvaging or dismantling), and various other commercial uses excluding those involving salvaging, manufacturing, industrial storage, or dismantling, and those deemed noxious or offensive due to odor, dust, noise, fumes, or vibrations. Mobile home sales and indoor firing ranges are also permitted uses. This prime location and flexible zoning make this property an ideal investment for developers and entrepreneurs seeking a high-growth market.