Canyon, TX Commercial
1610 5TH Avenue Canyon, TX 79015
1610 5TH Avenue, Canyon, TX, 79015
$425,000
For Sale
$425,000
COMMERCIAL - Canyon, TX
Property Size2,767 SF
Price / SF$153.60
Days on Market174
Property Features for 1610 5TH Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 219926
- Size
- 2,767 SF
Taxes and HOA fees
- Tax Description
- ORIGINAL TOWN OF CANYON LOTBLOCK 0051 1 THRU 3
Building Details
- Year built
- 1962
Listing Agency
Gaut Whittenburg Emerson Commercial Real Estate, LLC
(806) 373-3111
600 S Tyler, Suite 101, Amarillo, TX
Listed by
Miles Bonifield · License #0594133
(806) 373-3111
Added: Jan 26 Checked: Jul 19 at 10:06 pm
MLS# 25-3672
Copyright © 2026 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located near Canyon's Downtown Square, this commercial property offers easy access and exposure. The town square is a focal point with shopping outlets and hosts annual local events like parades and farmers markets. As one of the few buildings on the square with its own parking lot, it is suitable for an office, salon, spa, or retail use. The property includes a reception area, 10 offices, and 2 bathrooms. It has been updated with laminate vinyl flooring and features a floor plan with large windows for natural light. Washer and dryer hookups are available, and some rooms have sinks. The property is located in Canyon, Texas.
Key Highlights
- Prime location near Canyons Downtown Square offering high visibility and easy access.
- Includes a private parking lot, a rare feature for properties on the square.
- Versatile space suitable for office, salon, spa, or retail use.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.8k | $20.52 |
| − Vacancy | −$3.2k | −$1.17 |
| EGI | $53.5k | $19.35 |
| − OpEx | −$16.1k | −$5.81 |
| NOI | $37.5k | $13.55 |
2,767 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$535.4K
$468.5K – $624.7K
NOI $37,480 @ 7.0% cap · market cap 8.82%
Second Best
Office B
$511.4K
$447.5K – $596.6K
NOI $35,798 @ 7.0% cap · market cap 8.42%
Theoretical Best
Hotel Hospitality
$1.42M
$1.24M – $1.66M
NOI $99,363 @ 7.0% cap · market cap 23.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lonestar HVAC System ...
HVAC Service
Uplift Aesthetics by ...
Spa & Massage Center
La Bella Salon
Hair Salon
The Hideaway
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Commercial property near downtown square, suitable for office or retail.
Where is this office units located?
The property is located at 1610 5TH Avenue Canyon, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Prime location near Canyons Downtown Square offering high visibility and easy access.; Includes a private parking lot, a rare feature for properties on the square.; Versatile space suitable for office, salon, spa, or retail use.
