25,581 SF Mixed Use Facility in Central Texas

5200 South W S Young Drive Killeen, TX 76542

5200 South W S Young Drive, Killeen, TX, 76542
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FOR SALE FOR LEASE
Property Type:
Other Hospitality
Amount:
$4,500,000
Last Verified:
Jan 24, 2022

Highlights


Description

The Harrell Team at KW Commercial would like to present this commercial real estate property for sale!

The 25,000+ SF handicap accessible building was originally constructed as a high quality assisted living facility in the growing area of Killeen, Texas just North of Austin. The U-shaped building sits on a 3.37-acre lot on busy South W S Young Drive, in Killeen.

The property is both sprinkler and fireproof rated. Complete with full propane use kitchen, dining room, exercise and fitness room, salon, multiple office spaces, a recently upgraded, a 48 camera state of the art security system, recently improved wifi and internet functionality and features common areas both inside and out. This property also includes direct outdoor courtyard access from each of its 24 bedrooms. Each of the 24 bedrooms also include their own air conditioning unit, personal bathrooms, complete with assisted showers.

Killeen has been recently ranked as the 5th best place to live in Texas, according to U.S. News, "Best Places to Live in Texas" study.

In a 2021 U.S. Census Study, Killeen had a total population of 252,542 people within a 15 mile radius, and is trending to increase at a 1.36% rate over the next 5 years.

For more information on this property, or any of our other properties, please contact The Harrell Team at KW Commercial!

The Harrell Team at KW Commercial would like to present this commercial real estate property for lease!

The 25,000+ SF handicap accessible building was originally constructed as a high quality assisted living facility in the growing area of Killeen, Texas just South of Waco. The U-shaped building sits on a 3.37-acre lot on busy South W S Young Drive, in Killeen.

The property is both sprinkler and fireproof rated. Complete with full propane use kitchen, dining room, exercise and fitness room, salon, multiple office spaces, a recently upgraded, a 48 camera state of the art security system, recently improved wifi and internet functionality and features common areas both inside and out. This property also includes direct outdoor courtyard access from each of its 24 bedrooms. Each of the 24 bedrooms also include their own air conditioning unit, personal bathrooms, complete with assisted showers.

Killeen has been recently ranked as the 5th best place to live in Texas, according to U.S. News, "Best Places to Live in Texas" study.

In a 2021 U.S. Census Study, Killeen had a total population of 252,542 people within a 15 mile radius, and is trending to increase at a 1.36% rate over the next 5 years.

For more information on this property, or any of our other properties, please contact The Harrell Team at KW Commercial!

Located on South W S Young Drive in Killeen, Texas.


Year Built: 2017
Building Size: 25581sq ft
Lot Size: 3.37 acres


Documents

Marketing Flyer

Units for Lease

25,581 SF Assisted Living Facility on South W S Young Drive
Space Available: 25581 SF
Lease Type: NNN

Price Per Sqft/Month: $37500.0

Map of 5200 South W S Young Drive, Killeen, TX, 76542

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.