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Executive Summary

The property's flexible configuration supports a wide variety of commercial applications, including:
Restaurant, bar, and lounge concepts
Live music venue or comedy club
Event center or banquet hall
Church or ministry facility
Retail showroom or specialty retail
Creative office or co-working space
Mixed-use commercial operations
Community gathering or entertainment venue
This unique two-parcel offering presents approximately 21,850 square feet of adaptable commercial space situated on 0.79 acres in the heart of Killeen.? Currently configured for entertainment, event, and mixed-use commercial operations, the property features expansive open floor plans, high-capacity gathering areas, and flexible layouts that can accommodate a variety of business concepts.?
The property's existing configuration makes it particularly well-suited for live performance venues, comedy clubs, music halls, banquet and event facilities, entertainment destinations, and other specialty commercial uses.? A fully equipped commercial kitchen with a code-compliant sprinkler system provides significant value for food service, catering, hospitality, and event-driven operations, allowing future operators to seamlessly integrate dining and entertainment offerings.?
Beyond its entertainment potential, the property can support a wide range of retail, service, showroom, creative office, educational, or community-oriented uses.? Its downtown-adjacent location offers excellent visibility, accessibility, and proximity to Killeen's established commercial corridors, positioning the property to benefit from both local traffic and destination-based visitors.?
With immediate occupancy potential, substantial on-site parking, and a versatile layout rarely available in the local market, 420 East Avenue C and 312 North 8th Street represent an exceptional opportunity for investors, owner-users, and entrepreneurs seeking a large-format commercial property with significant operational flexibility and redevelopment potential.?
Buyer and tenant prospects should independently verify zoning, permitted uses, and development requirements with the City of Killeen.?

Property Facts

Price $2,098,305 CAD
Price Per SF $96.03 CAD
Sale Type Investment or Owner User
Sale Condition Bulk/Portfolio Sale
Property Type
Specialty
  • General Retail Bar
  • OfficeLoft Creative Space
Building Class C
Lot Size 0.79 AC
Building Size 21,850 SF
No. Stories 1
Year Built 1957
Zoning B-5 - DISTRICT "B-5" BUSINESS DISTRICT
Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
7202
Land Assessment
$95,081 CAD
Improvements Assessment
$1,295,316 CAD
Total Assessment
$1,390,397 CAD
  • Listing ID: 40894923

  • Date on Market: 2025-09-02

  • Last Updated:

  • Address: 420 E Ave C, Killeen, TX 76541

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