For Sale
$2,990,000

2901 Elms Rd Killeen, TX 76549

High-Yield 5.33-Acre Property, Excellent Location

Overview

Added:
Feb 3
Days on market:
80
This exceptional 5.33-acre mixed-use property in Killeen, Texas, presents a lucrative investment opportunity. Strategically located off W Elms Rd, it enjoys high visibility and convenient access to Fort Cavazos. The property boasts a thriving commercial complex featuring a five-suite hero plaza, all currently under lease, generating consistent rental income. A separate leased building adds to the property's revenue stream. Further enhancing its income potential is a four-pump gas station and a six-bay manual car wash equipped with two vacuum stations. Approximately 1.5 acres of vacant frontage land offers significant potential for future development or expansion, allowing for increased revenue generation or diversification of the property's offerings. The car wash is currently owner-managed, while all suites are independently leased. The sale includes only the land and existing buildings. The property's substantial size, diverse income streams, and prime location make it an attractive investment prospect with significant upside potential. The total square footage of the buildings is 11,020 square feet. The property is situated in a rapidly growing area surrounded by single-family and multifamily residential developments, ensuring a strong and stable tenant base. This is a turnkey operation ready for immediate income generation. The asking price is $2,990,000.

Property Details for 2901 Elms Rd

Property type
Mixed-use properties
Square Feet
11,020 SF
Year Built
2008
Lot Size (sq. ft)
232,175 SF

Location Insight

City
Killeen
County
Bell
State
Texas
Latitude
31.09295
Longitude
-97.77893

FAQs

What type of property is this?
Mixed-use property - High-Yield 5.33-Acre Property, Excellent Location
Where is the mixed-use property located?
The property is located at 2901 Elms Rd Killeen, TX.
What is the asking price?
The asking price for this property is $2,990,000.
How can I contact the broker?
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2901 Elms Rd
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