403 N Gray St, Killeen, TX, 76541 - MLS# 6372036

$500,000

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Acres 0.18
Property Type Commercial
Heating None
Parking On Site, Unassigned
Year Built 1966
Cooling None
Days on Market 204

About 403 N Gray St

Positioned in the heart of Downtown Killeen’s Historic Overlay District, 403 N. Gray Street presents a compelling value-add redevelopment opportunity. The building has been fully demoed to the studs, creating a clean structural shell that allows investors or developers to design and execute a customized build-out strategy without legacy interior constraints.Given its location within the city’s active downtown revitalization corridor, the property may benefit from layered public incentives and historic tax credits that could enhance overall project feasibility and long-term returns. Some highlights are in the Downtown Killeen location with strong visibility, B-5 (Central Business District) zoning, Historic Overlay District designation, Interior demolition completed – ready for redevelopment, & Flexible use potential: retail, restaurant, office, entertainment, mixed-use, & service.

Location

Legal Description KILLEEN ORIGINAL, BLOCK 006, LOT PT 4, (SE PT OF 4), (140.13' X 55' X 84.87' X 1.56' X 55.29' X 53.44'), ACRES .175
Address 403 N Gray St
County Bell
City Killeen
Zip Code 76541
Subdivision Killeen Original
MLS Area KL

Size and Restrictions

Acres 0.18
Horses Allowed No
$/Acre $2,857,143

Improvements

Parking On Site, Unassigned

Utilities

Water Public
Utilities Electricity Available, Sewer Available, Water Available

Beds and Baths

Primary on Main No

Heating and Cooling

Heating None
Air Conditioning None

Interior Features

Flooring Concrete
Disability Accessible Approach with Ramp

Building Information

Year Built 1966
Construction Brick, Masonry
Foundation Slab

Garage and Parking

Garage No
Parking On Site, Unassigned

Financial

$/Acre $2,857,143
Special Conditions CityRestrictions,ZoningRestrictions
Documents Available Deed Restriction, Survey
Disclosures Lead Based Paint Disclosure, Municipal Utility District Disclosure, Seller Disclosure, See Remarks

Property Taxes

Appraisal District Bell
Estimated Taxes $7,480
Tax ID 0140560000
Tax Year 2025

Homeowner Association

Has HOA No

Listing Details

OfficeEmpyral Group, Llc
Contact Info(254) 526-0399

Listing Map

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