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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Based on information submitted to North Texas Real Estate Information Services as of May 15, 2026 11:10 AM EDT. All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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403 N Gray StreetKilleen, TX 76541Price: $500,000

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