2901 Elms Rd Killeen, TX 76549

Property Details for 2901 Elms Rd

Lot size

10.28 lot acres

Property size

768 SF

Property type

Commercial land

APN

62086

APU

62086

Description

This exceptional 5.33-acre mixed-use property in Killeen, Texas, presents a lucrative investment opportunity. Strategically located off W Elms Rd, it enjoys high visibility and convenient access to Fort Cavazos. The property boasts a thriving commercial complex featuring a five-suite hero plaza, all currently under lease, generating consistent rental income. A separate leased building adds to the property's revenue stream. Further enhancing its income potential is a four-pump gas station and a six-bay manual car wash equipped with two vacuum stations. Approximately 1.5 acres of vacant frontage land offers significant potential for future development or expansion, allowing for increased revenue generation or diversification of the property's offerings. The car wash is currently owner-managed, while all suites are independently leased. The sale includes only the land and existing buildings. The property's substantial size, diverse income streams, and prime location make it an attractive investment prospect with significant upside potential. The total square footage of the buildings is 11,020 square feet. The property is situated in a rapidly growing area surrounded by single-family and multifamily residential developments, ensuring a strong and stable tenant base. This is a turnkey operation ready for immediate income generation. The asking price is $2,990,000.

Location Insight

City

Killeen

County

Bell

State

Texas

Longitude

-97.7178

Latitude

31.0766

CBSA code

28660

CBSA name

KILLEEN-TEMPLE-FORT HOOD, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments