Date
Details
Price
Change
Source
2/16/2026
Listed
$500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
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.
Full Property Details
Full Property Details for 403 N Gray St
General
- Price: $500,000
- Status: Active
- Type: Commercial
- Source: Central_Texas_MLS
- MLS ID: 603225
- Updated: 2/19/2026
- Added to Site: 4 day(s) ago
Interior
- Flooring: Concrete
Parking
- Parking Features: Four or more Spaces, Parking Space(s)
Location
- County: Bell
- Subdivision: Killeen Original
- Driving Directions: Head southwest on I14, Take exit 284 toward Trimmier Rd, Merge onto E Central Texas Expy, Turn right onto Trimmier Rd, Turn left onto E Hallmark Ave, Turn right onto S Gray St, & Destination will be on the left
- Direction Faces: East
School Information
- Elem School District: Killeen ISD
- Midd School District: Killeen ISD
- High School District: Killeen ISD
- Elementary School: Maude Moore Wood Elementary School
- Middle School: Rancier Middle School
- High School: Killeen High School
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick, Masonry
- Roof: Metal
- Stories/Levels: 1
- Square Feet: 7,420
- Sq. Ft. Source: Appraiser
- Year Built: 1966
- Year Built Source: Assessor
- Property Condition: Under Construction, Resale
Lot Features
- Lot Size (Acres): 0.175
- Lot Dimensions: 54 x 140
- Frontage: City Street
- Street Lights: Yes
- Sidewalks: Yes
Disclosures and Reports
- Legal Description: KILLEEN ORIGINAL, BLOCK 006, LOT PT 4, (SE PT OF 4), (140.13' X 55' X 84.87' X 1.56' X 55.29' X 53.44'), ACRES .175
- Inclusions: Building(s)
- Property ID: 25641
- Block: 6
- Lot Number: 4
Listed by Empyral Group, Llc
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Listing agent
— 403 N Gray St —
Empyral Group, Llc
(254) 526-0399
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 403 N Gray St
School District:Killeen Independent School District
| Name | Grades | Distance |
|---|---|---|
Rancier Middle School 3301 Hilliard Avenue, Killeen, TX 76543 | 6-8 | 2.6 mi |
Killeen High School 500 North 38th Street, Killeen, TX 76543 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 403 N Gray St
Tax History
Tax History for 403 N Gray St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,997
26%
$368,750
47%
2023
$3,957
—
$250,842
20%
2023
$3,957
-3%
$209,035
8%
2022
$4,073
2%
$193,532
10%
2021
$4,006
5%
$175,642
11%
2020
$3,798
64%
$158,072
73%
2019
$2,310
-4%
$91,582
—
2018
$2,412
10%
$91,582
2%
2017
$2,199
—
$89,579
—
2016
$2,210
2%
$89,579
2%
2015
$2,162
—
$87,538
—
2014
$2,162
—
$87,538
—
2013
$2,156
—
$87,538
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 403 N Gray St
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- Single Family
- Active
- Updated 19 hours ago
- 4Beds
- 2Total Baths
- Commercial Lease
- Active
- Updated 14 hours ago
- 28,268Sq. Ft.
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- Single Family
- Active
- Updated 16 hours ago
- 3Beds
- 2Total Baths
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- Single Family
- Active
- Updated 17 hours ago
- 4Beds
- 2Total Baths
403 N Gray Street, Killeen, TX 76541 (MLS# 603225) is a Commercial property. 403 N Gray Street is currently listed for $500,000 and was received on February 16, 2026. Want to learn more about 403 N Gray Street? Do you have questions about finding other Commercial real estate for sale in Killeen? You can browse all Killeen real estate or contact a Coldwell Banker agent to request more information.