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    24700 Highway 64 Canton, TX 75103

    For Sale
    $675,000

    1.5-Acre Retail Building, High Visibility

    Property size:
    5,126 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 5,126 square foot retail property presents a unique investment opportunity in Canton, Texas. Located at the high-traffic intersection of Highway 64 and Highway 243, this property boasts unparalleled visibility and accessibility. The building, formerly a gas station, requires renovation but offers significant potential for a variety of commercial uses. The substantial 1.5-acre lot provides ample space for expansion or additional structures, making it ideal for a larger-scale development. Its prime location near the Van Zandt County Fair Grounds, Northeast Texas Coop, and a Goodwill store ensures consistent foot traffic and brand recognition. A new truck stop is planned across Highway 64, further enhancing the property's future prospects. City water is available, and city sewer access is across the road, requiring a road bore connection (contact the City of Canton for details). While not within city limits, this location offers the benefits of proximity to essential amenities and a thriving community. The property's size and strategic location make it an attractive investment for entrepreneurs and developers seeking a high-impact commercial venture. The previous fuel tanks have been removed, eliminating environmental concerns. This is a rare opportunity to acquire a large, well-positioned property with significant upside potential.

    Property Features for 24700 Highway 64

    General Information

    Property type
    Retail properties
    Square Feet
    5,126 SF
    Lot Size
    65,340 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Restaurant Building Supply Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Van Zandt
    State
    Texas
    Longitude
    -95.8567
    Latitude
    32.55552

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    FAQs

    What type of property is this?
    Retail property - 1.5-Acre Retail Building, High Visibility
    Where is this retail property located?
    The property is located at 24700 Highway 64 Canton, TX.
    What is the asking price?
    The asking price for this property is $675,000.
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    24700 Highway 64 Canton, TX 75103
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    Canton, TX 75103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24700 Highway 64 Canton, TX 75103
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