


$20,000
1406 N Gray Street, Killeen, TX, 76541
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About this property
Prime opportunity in the heart of Downtown Killeen! Located at 1406 N Gray Street, this R-3 zoned lot offers incredible potential for investors, builders, or anyone looking to capitalize on the city’s ongoing growth and revitalization. Positioned within the Greater Downtown district, this property sits in an area experiencing significant transformation, with new businesses, job growth, and continued investment driving momentum. The City of Killeen continues to focus on enhancing the downtown area through infrastructure improvements, community development, and long-term growth initiatives. With R-3 zoning, this lot offers flexibility for multi-family or higher-density residential development, making it a strategic addition to any investor’s portfolio. Whether you’re looking to build, hold, or develop, this is your chance to secure a piece of a rapidly evolving area before values continue to rise. Affordable, centrally located, and full of potential, this is a must-see opportunity in one of Killeen’s most promising growth corridors.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Killeen
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