Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    408 15Th St Canyon, TX 79015

    For Sale
    $1,170,000

    High-income potential, renovated building.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 7800 square foot commercial property, situated on Canyon, Texas's historic square, presents a compelling investment opportunity. Previously operating as a hardware store for 48 years, the building has undergone significant renovations within the last decade. These improvements include a complete overhaul of the electrical system, a new HVAC system ensuring efficient climate control, and a durable TPO roof, minimizing future maintenance costs. The property is currently leased under a triple net lease arrangement, offering a stable stream of income for the investor. Canyon's historic square has experienced a revitalization, transforming into a thriving hub of activity. This vibrant area boasts a diverse range of businesses, including six restaurants, a coffee shop, a cake company, and numerous retail establishments, creating a high-traffic environment ideal for commercial success. The property's prime location and recent renovations make it an attractive option for both investors seeking strong lease income and business owners looking for a well-maintained space in a desirable location. The property's size and layout offer significant flexibility for a variety of commercial uses, capitalizing on the growing popularity of Canyon's historic square as a regional destination. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving Texas town. The property is offered at $1,170,000.

    Property Features for 408 15Th St

    General Information

    Property type
    Other commercial real estate
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Canyon
    County
    Randall
    State
    Texas
    Longitude
    -101.929
    Latitude
    34.97941

    Nearby Similar for Sale

    • New
      $599,000
      4,492 SF

      Canyon Multifamily Property with Airbnb

      Multifamily property in Canyon, TX with income potential.
      2000 3Rd Ave, Canyon, TX 79015
      View Details
    • $640,000
      80.00 Acres

      80 Acres Near Canyon, TX

      80 acre property ideal for horses and livestock.
      80 Acres, Canyon, TX 79015
      View Details
    • $7,490,000
      20,488 SF

      New Multifamily Investment Opportunity

      Newly built 18-unit multifamily property near WTAMU and Hunsley Hills.
      2 S Hunsley Hills Blvd, Canyon, TX 79015
      View Details
    • $325,000
      10.18 Acres

      Equestrian Property Near Canyon, TX

      10-acre property equipped for livestock and ready for your dream home.
      26351 Rosie Ln, Canyon, TX 79015
      View Details
    • $500,000
      28.56 Acres

      RV Park Near Palo Duro

      RV park with 16 hookups near Palo Duro Canyon.
      Pd Cyn Rv Park Tradewind St, Canyon, TX 79015
      View Details
    • $169,900
      2,612 SF

      Canyon, TX Multi-Family Investment

      Triplex and single-family home near schools and university.
      805 8Th Ave, Canyon, TX 79015
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-income potential, renovated building.
    Where is this commercial real estate located?
    The property is located at 408 15Th St Canyon, TX.
    What is the asking price?
    The asking price for this property is $1,170,000.
    (806) 392-9912
    Request Owner's contact information
    408 15Th St Canyon, TX 79015
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    408 15Th St
    Canyon, TX 79015
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    408 15Th St Canyon, TX 79015
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.