701 N College St, Killeen, TX 76541

Rare Infill Multifamily Development Opportunity. Corner Lot For Sale By Owner. Prime buildable 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-, 3-- bedrooms 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.