Current Use by Public Records
- Commercial real estate
Property Details for 408 15Th St
- Property type
- Commercial real estate
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Canyon
- County
- Randall
- State
- Texas
- Longitude
- -101.929
- Latitude
- 34.9794
