403 N Gray ST Killeen, TX 76541 New

UPDATED: 02/19/2026 08:22 PM ON MARKET: 4 days on market

$500,000

7,420 SqFt

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 7,420 sqft

Price per Sqft $67

Subdivision Killeen Original

MLS Listing ID 6372036

Year Built 1966

Annual Tax Amount $7,479

Tax Year 2025

Lot Size 7,623 Sqft

Acres 0.175

Property Sub-Type Business

Source actris

Property 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.