701 N College St, Killeen, TX 76541

Rare Infill Multifamily Development Opportunity – Corner Lot

For Sale By Owner: Prime buildable corner lot ideally suited for multifamily development. The site is ready to build and allows for two 2-story apartment buildings totaling 12 units, offering an immediate path to development in a high-demand rental market.

The property has undergone a preliminary verbal architectural meeting, indicating potential city support for a 3-story multifamily apartment complex, subject to formal approvals. Flexible unit mix options may include 1-, 2-, and 3-bedroom layouts, allowing developers to optimize design and rental income.

Notably, this parcel is recognized as a historical property, and per seller understanding, the city does not charge permit fees, creating a meaningful cost advantage and improved project economics.

Corner lot positioning enhances access, visibility, and design flexibility—ideal for a modern infill apartment project. Excellent opportunity for developers, investors, or owner-builders seeking a streamlined entitlement path with upside density potential.

Buyer to verify zoning, development standards, and permit exemptions with the city.