
$377,029
NAL Estimated Property Value804 N Gray St, Killeen, TX, 76541
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About this property
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 resurfaced 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. Contact us today for a showing or to discuss lease terms!
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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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