2106 Greenwillow Ave Killeen, TX 76541
This exceptional 6.1-acre property in Killeen, Texas (Bell County, zip code 76541), presents a remarkable investment opportunity. Located at 2106 Greenwillow Ave, the land is currently zoned R-1, allowing for residential development, but offers significant potential for rezoning to accommodate multifamily or commercial projects. The property is already platted for sixteen residential lots, each a minimum quarter-acre, providing a solid foundation for immediate development. However, the possibility of re-platting allows for even greater density and return on investment. A key advantage is the existing sewer main, significantly reducing infrastructure costs for future development. The area boasts large custom homes, suggesting a high-demand market for upscale residential properties. The potential for creating a gated community adds further appeal. Conveniently situated with easy access to WS Young, this location is attractive to families, professionals, and businesses. The asking price is $1,200,000. This is a rare chance to acquire a substantial parcel of land with diverse development possibilities in a thriving Texas market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.