815 N 8th Street, Killeen, TX 76541

$599,900
  • 815 N 8th Street, Killeen, TX 76541 Main Photo

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New to the Market Active
SQUARE FEET5,555 MLS#626846
STATUSActive PROPERTY TYPECommercial - Business SUBDIVISIONKilleen 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.

815 N 8th Street | MLS# 626846

This commercial property located at 815 N 8th Street, Killeen, TX 76541 is currently listed for sale with an asking price of $599,900. Search Killeen real estate on maritzaperez.kellyrealtors.com today.

Property Features

Property Type: Commercial - Business
Cooling: Central Air, Electric,3+ Units
Heating: Electric, Multiple Heating Units
Lot Size: 0.43 Acres
Roof Type: Flat
Stories: 1.0
Year Built: 2004

Amenities

See Remarks
Lighting

Feature Descriptions

Body of Water: None
Building Features: Exterior Lighting
Community Features: Street Lights
Days on Site: 4
Exterior: Brick Veneer, Masonry, Metal Frame
Flooring: Combination
Parcel#: 59895
Parking: Parking Space(s)
Parking Notes: Parking Space(s)
Sewer: Public Sewer
Utilities: Electricity Available, High Speed Internet Available, Phone Available
Water: Public

Listed By / Shown By

Listed By

Agency Name: Real Broker
Agency Phone: 855-450-0442

Shown By

Agent Name: Maritza Perez
Agent Phone: (254) 715-9434
Agency Title: Kelly, Realtors
Agency Email: info@kellyrealtors.com
Agency Text: (254) 717-6447

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