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$725,000

2920 Chaparral Road, Killeen, TX, 76542

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About this property

DEVELOPMENT OPPORTUNITY | 18.937± ACRES | SOUTHWEST KILLEEN Positioned along Chaparral Road in the growing southwest sector of Killeen, this approximately 18.937-acre tract offers a compelling opportunity for residential, commercial, or thoughtfully planned mixed-use development. The property features B-3 Local Business zoning along the Chaparral Road frontage, with the balance zoned A-R1 Agricultural Single-Family Residential. This zoning combination creates potential for neighborhood-serving commercial uses along the roadway with residential or other permitted development across the interior acreage, subject to applicable zoning, platting, engineering, and municipal approvals. B-3 zoning allows a broad range of potential uses, including retail, restaurants, service businesses, medical or assisted-living facilities, hotels, self-storage, grocery and food retail, and other commercial concepts. The A-R1 portion permits single-family residential development along with certain recreational, institutional, agricultural, and related uses. The tract offers substantial open acreage, Chaparral Road frontage, city water at the street, city electric, an existing stock pond, and barn improvements. Its size, configuration, surrounding residential growth, and commercial frontage make it well suited for a residential subdivision, mixed-use community, neighborhood commercial center, or phased development project. Located in Killeen, Bell County, Central Texas, 2920 Chaparral Road combines acreage, roadway exposure, utility availability, and development flexibility in an increasingly active growth corridor. Buyer and buyer’s representatives should independently verify zoning boundaries, permitted uses, utility capacity, platting requirements, drainage, engineering, development regulations, and all governmental approvals required for buyer’s intended use.

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$0Estimated Mortgage Balance
$725,000Estimated Equity
100% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,350 /month
Positive
Cash Flow Estimate:
$1,450 /month

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Steven Kirkpatrick

RE/MAX Great Place

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Killeen

2920 Chaparral Road | Property Details | No Agent List