2501 Polk St - Commercial LAND FOR SALE


Killeen, TX 76543 882,090 SF
$475,000 USD
254-319-7744
2501 Polk St, Killeen, TX for Sale
$475,000 USD
Commercial LAND - FOR SALE
1/16
882,090 SF

2501 Polk St
Killeen, TX 76543


OVERVIEW

Demand: A need for diversity in housing is outlined within the Killeen 2040 Comprehensive Plan, such as single-family, duplexes, multi-family and/or townhomes. Location: The +/- 20.25-acres of land is located in northeast Killeen which is mostly developed. The prevailing nature of the area is single family homes  established in older developments. Just 1-mile southeast of the Polk St property, a large single-family development is under construction to accommodate new growth in this area. Zoning: This infill property is currently zoned R-1 single family. Though zoned a low-density use, a buyer could choose to introduce a higher density product. Exercising this option would require a zoning change; necessitating citizen input, consideration from the Planning & Zoning Commission and final action by the City Council. Access/Fire Code: The property currently has a single mean of ingress/egress-along Polk Street. The City fire code has a requirement that any development greater than 30 units have2 means of ingress/egress. And those two means of ingress/egress must be separated by a distance that's half the diagonal (size of the development). Contact the listing agent about existing opportunities to establish a secondary means of ingress/egress. Site Note: The property hosts a 60’ utility easement running along the northern portion of the property. Additionally, a telecommunications easement (cell tower) is located on the northeast corner of the property which requires a 200’ fall zone. These two areas would be restricted from development; however, both easements could be designated as potential parkspace or another low-impact use, as illustrated on the conceptual lot plan within the flyer.

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/ACRE

$23,457/AC

PRICE/SF

$0.54 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Single Family Development

LAND ACRES

20.25 AC

LAND SF

882,090 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity

ZONING

R1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Michael BoydIndependence Commercial Real Estate, LLCMore Info
254-319-7744

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Michael BoydIndependence Commercial Real Estate, LLCMore Info
254-319-7744

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.