403 N Gray Street Killeen, TX $ 485,000
403 N Gray Street
$ 485,000
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403 N Gray Street

Killeen, TX, 76541
$ 485,000
Bedrooms-- Baths-- Sq 7,420

Monthly Estimate*

$ 3,350

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Commercial Property for sale in Killeen, TX

for $485,000. This 7,420 square foot building was built in 1966 on a lot size of 0.175.

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.

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Commercial Active

Price

$ 485,000

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.175

Year Built

1966

Town/City

Killeen

County/Region

Bell

MLS | Web ID

603225

Features
General
Sewer Public Sewer
Possession Closing & Funding
Property SubType Commercial
Community Features None Street Lights Sidewalks
County Bell
Property Type Commercial Sale
Subdivision Name Killeen Original
Status Active
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
City Killeen
Body of Water None
High School District Killeen ISD
Standard Status Active
Middle/Junior School District Killeen ISD
Elementary School District Killeen ISD
Property Sub Type Additional Commercial
Possible Use Other See Remarks
Heating None
Cooling None
Roof Metal
Architectural Style Commercial
Construction Materials Brick Masonry
Year Built 1966
Stories 1
Levels One
Facing Direction East
High School Killeen High School
Elementary School Maude Moore Wood Elementary School
Middle/Junior High School Rancier Middle School
Year Built Source Assessor
Occupancy Type Vacant
Association Amenities None
Accessibility Accessible Approach with Ramp
Property Condition Under Construction Resale
View None
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
Tax Lot 4
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Interior
Air Conditioning Y/N false
Heating Y/N false
Flooring Concrete
Total Baths 0
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Exterior
Water Source Public
Lot Size Acres 0.175
Waterfront Y/N false
Road Frontage Type City Street
Foundation Details Slab
Lot Dimensions 54 x 140
Parking Features Four or more Spaces Parking Space(s)
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Internal Only
Street Number 1 403
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* Excluded Features
List By
Anthony Rodriguez

Listing Agent

Empyral Group, Llc

Broker

info@empyralgroup.com

Email

Affordability Calculator

$3,350
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,350
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Killeen High School High School High School
Pricing History
DatePricePrice ChangeDescription
10/14/2026$485,000 -3.00% Price Down
2/16/2026$500,000 Listed Price

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403 N Gray Street, Killeen, TX, 76541 is a Commercial Property for sale at $485,000 with 7,420 sqft and a lot size of 0.175. 403 N Gray Street was built in 1966. The property's zip code is 76541 which is in Killeen, TX