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254-618-5140
Real Estate Company
815 N 8th Street, Killeen, TX 76541
- $599,900
- 5,555
- SqFt
- List Price
- $599,900
- Status
- ACTIVE
- MLS#
- 626846
- Days on Market
- 25
- Living Area
- 5,555
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
- Year Built
- 2004
- Exterior Features
- Lighting
- Interior Features
- See Remarks
- Roof
- Flat
- View
- None
- Sewer
- Public Sewer
- Stories
- 1
- Street Name
- N 8th Street
- Street Number
- 815
- Neighborhood
- Killeen Original
- Water
- Public
- Acres
- 0.43
- County
- Bell
- Foundation
- Slab
- Heating
- Electric, Multiple Heating Units
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Listing courtesy of Oraya Fernandez from Real Broker
Information obtained from TXSMABOR is current as of . Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.