802-806 N Gray St - Restaurant FOR SALE


Killeen, TX 76541- Killeen/Fort Cavazos
$595,000 USD
254-628-9272
802-806 N Gray St, Killeen, TX for Sale
$595,000 USD
Restaurant - FOR SALE
1/22
null | Request Cap Rate

802-806 N Gray St
Killeen, TX 76541
Killeen/Fort Cavazos


OVERVIEW

Prime Mixed-Use Property in Growing Downtown Killeen Located in the heart of downtown Killeen, this mixed-use corner lot presents an exceptional investment opportunity. With major redevelopment projects happening across the city, including a $68 million facelift on Rancier Avenue and a new event center across the street, this property is positioned perfectly for business growth. Recent improvements include a new parking lot, fresh paint, a new roof, and interior build-outs. The property offers a total of 9,676 sq. ft. of leasable space, zoned for mixed-use and suitable for various business types. Unit 806 (3,460 sq. ft.) is currently leased until 2027, while Unit 802 (3,460 sq. ft.), a former nightclub, is vacant and requires renovation. Unit 804 (2,756 sq. ft.) is move-in ready for lease. Lease rates are advertised at $0.83 per sq. ft., with flexible lease options available. This high-visibility corner lot is ideally located in a revitalized downtown district with significant city investment driving long-term growth and increased property value. It is perfect for retail, office, entertainment, or restaurant businesses. Don't miss out on this opportunity to establish your business in one of Killeen's fastest-growing areas.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$57 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

B-2 commercial

APN/PARCEL ID

36383

ASK ABOUT THIS PROPERTY

Michael LinnemannLinnemann RealtyMore Info
254-628-9272

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

Michael LinnemannLinnemann RealtyMore Info
254-628-9272

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