#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
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.
Property Type
Commercial Sale
Year Built
1966
Lot Size
0.17 acres
Listed by Empyral Group, Llc
Property Details
Flooring
Construction
Foundation
Parking
Verified property facts
403 N Gray St is a Commercial Sale built in 1966 featuring 0 bedrooms, 0.17-acre lot.
403 N Gray St is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 403 N Gray St is $7,480. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
With 20% down ($100,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 403 N Gray St is around $3,218 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Listing timeline with current price, original ask, and market time.
20% ($100K)
$500,000
Luxury property intelligence
A sourced read on Killeen Original pricing, timing, and property scale. No automated valuation claim.
List price
$500,000
Price per sqft
Not available
Vs. Killeen Original median
Not available
Days on market
167 days
Original to current
No verified reduction
$500K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Aug 2, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
At $500,000, 403 N Gray St is in the Killeen Original market where there are currently 9 active listings in 76541.
403 N Gray St was built in 1966 (60 years ago). Buyers should budget for potential updates to major systems.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Best Match
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