1407 Fort Hood St Killeen, TX 76542

This mixed-use property at 1407 S Fort Hood St, Killeen, TX 76542, offers a compelling investment opportunity. The 3,250 square foot building, constructed in 1984, sits on a 22,878 square foot lot and features 18 parking spaces. Currently operating at 30% occupancy, the property includes three units across two stories, zoned B-5. The ground floor comprises approximately 1,600 square feet currently leased to a long-term tenant (lease expiring 04/30/2024), and an additional approximately 600 square feet previously used as a check cashing business with a secure room. The upper floor, approximately 1,650 square feet, has been recently remodeled and features a separate entrance, previously used as a therapist's office. The asking price is $445,000, translating to $136.92 per square foot. This presents a unique chance to acquire a versatile property with potential for increased rental income and significant return on investment. The property's location in Killeen, Texas, offers convenient access to local amenities and a strong tenant base. The building's existing infrastructure and recent renovations provide a solid foundation for future growth and development. This is a Class C property with a modified lease type and multi-tenancy.