UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,555 sqft
Price per Sqft $107
Subdivision Killeen Original
MLS Listing ID 626846
Construction Status Resale
HOA Y/N No
Year Built 2004
Lot Size 0.430 Acres
Acres 0.4304
Property Sub-Type Commercial
Property Description
This fully leased B-5 Commercial Plaza presents an exceptional opportunity for investors seeking immediate cash flow with future rent growth potential.
The property consists of 5,555 SF of retail/commercial space divided into five suites, currently 100% occupied by three established tenants, generating $4,300 per month ($51,600 annually) in current rental income.
Built in 2004, the plaza sits on a highly visible corner lot encompassing approximately 0.43 acres and offers abundant on-site parking, excellent access, and strong exposure to surrounding commercial and residential traffic. The flexible multi-suite layout accommodates a variety of retail, office, service, and community-focused businesses, while five separate HVAC units provide efficient operation and tenant flexibility.
This stabilized asset offers investors the advantage of day-one cash flow with a compelling value-add opportunity. Current rents provide solid income today, while the property's pro forma potential of approximately $6,000 per month ($72,000 annually) highlights a clear path to increased revenue through lease renewals, rent adjustments, and optimized tenant mix. The upside represents a potential increase of over 39% in gross monthly income, making this an attractive opportunity for investors seeking both stability and growth.
Location
State TX
County Bell
Zoning B-5
Interior
Interior Features See Remarks
Heating Electric, Multiple Heating Units
Cooling Central Air, Electric, 3+ Units
Flooring Combination
Inclusions Building(s), Fixtures, Land
Fireplace No
Exterior
Exterior Feature Lighting
Parking Features Parking Space(s)
Community Features Street Lights
Utilities Available Electricity Available, High Speed Internet Available, Phone Available
View Y/N No
Water Access Desc Public
View None
Roof Type Flat
Present Use Mixed Use
Accessibility Other, See Remarks
Building
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
Construction Status Resale
Others
Tax ID 59895
NEARBY SCHOOL & BUSINESS
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