2501 Polk St
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2501 Polk St
20.25 Acres of Commercial Land Offered at £371,664 in Killeen, TX 76543
Executive Summary
Demand: A need for diversity in housing is outlined within the Killeen 2040 Comprehensive Plan, such as single-family, duplexes, multi-family and/or townhomes.
Location: The +/- 20.25-acres of land is located in northeast Killeen which is mostly developed. The prevailing nature of the area is single family homes established in older developments. Just 1-mile southeast of the Polk St property, a large single-family development is under construction to accommodate new growth in this area.
Zoning: This infill property is currently zoned R-1 single family. Though zoned a low-density use, a buyer could choose to introduce a higher density product. Exercising this option would require a zoning change; necessitating citizen input, consideration from the Planning & Zoning Commission and final action by the City Council.
Access/Fire Code: The property currently has a single mean of ingress/egress-along Polk Street. The City fire code has a requirement that any development greater than 30 units have2 means of ingress/egress. And those two means of ingress/egress must be separated by a distance that's half the diagonal (size of the development). Contact the listing agent about existing opportunities to establish a secondary means of ingress/egress.
Site Note: The property hosts a 60’ utility easement running along the northern portion of the property. Additionally, a telecommunications easement (cell tower) is located on the northeast corner of the property which requires a 200’ fall zone. These two areas would be restricted from development; however, both easements could be designated as potential parkspace or another low-impact use, as illustrated on the conceptual lot plan within the flyer.
Location: The +/- 20.25-acres of land is located in northeast Killeen which is mostly developed. The prevailing nature of the area is single family homes established in older developments. Just 1-mile southeast of the Polk St property, a large single-family development is under construction to accommodate new growth in this area.
Zoning: This infill property is currently zoned R-1 single family. Though zoned a low-density use, a buyer could choose to introduce a higher density product. Exercising this option would require a zoning change; necessitating citizen input, consideration from the Planning & Zoning Commission and final action by the City Council.
Access/Fire Code: The property currently has a single mean of ingress/egress-along Polk Street. The City fire code has a requirement that any development greater than 30 units have2 means of ingress/egress. And those two means of ingress/egress must be separated by a distance that's half the diagonal (size of the development). Contact the listing agent about existing opportunities to establish a secondary means of ingress/egress.
Site Note: The property hosts a 60’ utility easement running along the northern portion of the property. Additionally, a telecommunications easement (cell tower) is located on the northeast corner of the property which requires a 200’ fall zone. These two areas would be restricted from development; however, both easements could be designated as potential parkspace or another low-impact use, as illustrated on the conceptual lot plan within the flyer.
Property Facts
1 Lot Available
Lot
Price | £371,664 | Lot Size | 20.25 AC |
Price Per AC | £18,354 |
Price | £371,664 |
Price Per AC | £18,354 |
Lot Size | 20.25 AC |
+/- 20.25 acres Land Zoned R1 (Single Family) located in NE Killeen.
Description
Amazing 20.25 acre infill land opportunity for sale! Great NE Killeen location surrounded by established neighborhoods. Great potential for any investor wanting to develop a neighborhood to take advantage of new growth.
PROPERTY TAXES
Parcel Number | 510429 | Improvements Assessment | £0 |
Land Assessment | £25,433 | Total Assessment | £25,433 |
PROPERTY TAXES
Parcel Number
510429
Land Assessment
£25,433
Improvements Assessment
£0
Total Assessment
£25,433
zoning
Zoning Code | R1 (Link to R1 Zoning contained in the attached brochure.) |
R1 (Link to R1 Zoning contained in the attached brochure.) |
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2501 Polk St
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