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Jeannette Spinelli

Broker Associate & Founder | Spinelli Residential Group | KW - Austin Portfolio Real Estate

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502 E Elms Rd , Killeen, TX 76542
$700,000
Est. Payment: $3,586.48/mo
0 Bed
0 Bath
9600 Sqft
Status: active with contingency | Days on site: 56
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Jeannette Spinelli, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Jeannette Spinelli
Broker Associate & Founder
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House Description

Exceptional Investment Opportunity on E. Elm Rd! This well-maintained multi-tenant commercial building offers immediate cash-flow potential with significant upside for future rent growth. Situated on nearly one full acre, the property features a spacious rear parking area, excellent ingress/egress, and strong visibility along highly traveled E. Elm Rd. Zoned B-5 Commercial, this site accommodates a wide range of business uses—making it ideal for investors seeking a stable asset with long-term appreciation potential. The building is in great condition, providing a turnkey opportunity to acquire a versatile commercial property in a growing market.
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Highlights

Listed by John Reider , (254) 289-2400 and Lauren Reider-Hallmark , (254) 291-0515 John Reider Properties II, Ltd , (254) 699-8300. Central Texas MLS

Property Type

Commercial Sale
Lot/Acreage
0.96

Year Built

1999

County

Bell

 Neighborhood

Megan Add

Listing ID

602700

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Appliances:Satellite Dish
Air Cond:Central Air,Electric,3+ Units
Fireplaces:
Floor:Carpet,Concrete,Ceramic Tile,Hardwood,Linoleum,Tile
Water:Not Connected (at lot),Public

Exterior Features

Lot Dimensions:100 X 414
Zoning:B-5
Roof:Metal
Others:
  • ▪ Additional:Storage
Sewer:Not Connected (at lot),Public Sewer
Parking Features:Carport,No Garage,Parking Space(s)
Principal Interest
$3,586
Taxes
$446

Home Price

$700,000

Loan Details

30 yrs
6.627%

Down Payment

20%
$140,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,586.48

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,586.48 $446.25 $0.00 $4,032.73
Yearly $43,037.78 $5,355.00 $0.00 $48,392.78
Total $1,291,133.51 $160,650.00 $0.00 $1,451,783.51

Today's Rates

30 Year

6.63%

20 Year

6.43%

15 Year

5.99%

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Market insight data is pulled from the same city as the listing being viewed (Killeen, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Central Texas MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-31T03:34:46.000Z

© 2026 Central Texas MLS