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254-833-9639
Real Estate Company
815 N 8th Street, Killeen, TX 76541
- $599,900
- 5,555
- SqFt
- List Price
- $599,900
- Status
- ACTIVE
- Days on Market
- 26
- MLS#
- 626846
- Subtype
- Commercial Sale
- Year Built
- 2004
- Living Area
- 5,555
- Acres
- 0.43
- Subdivision
- Killeen Original
- Neighborhood
- Killeen Original
Property Description
Turnkey Multi-Tenant Investment Opportunity | Value-Add Upside 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.
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Additional Information
- Interior Features
- See Remarks
- Exterior Features
- Lighting
- Zoning
- B-5
- Flooring
- Combination
- Heating
- Electric, Multiple Heating Units
- Air Conditioning
- Central Air, Electric, 3+ Units
- Stories
- 1
- Levels
- One
- Roof
- Flat
- Foundation
- Slab
- Parking Features
- Parking Space(s)
- View
- None
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