Description
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.
Property Details
| Status | Active |
| MLS # | ACT218168964 |
| Taxes | $7,480 (2025) / year |
| Type | Commercial Sale |
| Year Built | 1966 |
| Living Area | 7,420 Sq. Ft. |
| Lot Size | 0.18 AC / 7,623 SF |
| County | Bell |
| Subdivision | Killeen Original |
Property Information
Parking
Utilities & Construction
Directions: Head southwest on I14, Take exit 284 toward Trimmier Rd, Merge onto E Central Texas Expy, Turn right onto Trimmier Rd, Turn left onto E Hallmark Ave, Turn right onto S Gray St, & Destination will be on the left
Location
Property History
| Date | Event | Price |
|---|---|---|
| Mar 1, 2026 | Listed (Active) · MLS# ACT218168964 | $500,000 |
Full transaction history may not be available. Data sourced from ACTRIS MLS.
Public Records
| Total Sq. Ft. | 7,420 |
| Lot Size | 7,623 Sq. Ft. |
| Style | Commercial Sale |
| County | BELL |
| MLS # | ACT218168964 |
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Payment Estimate
For illustrative purposes only. Contact a lender for accurate figures.