200 N 3Rd St Canadian, TX 79014

4,860 SF 0.72 ac lot

Individually Owned Absentee Owner Free & Clear

Property ID

US82-9275786

$200,000 4,860 SF

200 N 3Rd St, Canadian, TX 79014
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This exceptional multi-use commercial property, located at 200 N 3rd Street in Canadian, Texas, presents a unique investment opportunity. Built in the late 1800s, this historic building boasts a rich history as the Tepe-Hoover Lumber Company. The property occupies half a city block, encompassing twelve lots with prominent street frontage on 3rd, Elsie, and Kingman Streets. The building offers a compelling blend of renovated residential and raw commercial space. Upstairs, two beautifully renovated apartments await вЂ“ a two-bedroom unit and an efficiency apartment. Both are fully furnished, feature stunning downtown views, modern HVAC systems, and a recently installed metal roof. A unique feature is the inclusion of a bank vault closet. Downstairs, substantial unrenovated commercial space is available, featuring large windows ideal for showcasing a business. Adding to the property's versatility is a separate 1,188 square foot maintenance/workshop area, complete with a loading dock and a roll-up door, perfect for various uses. This property's prime location, just one block from Main Street and the highway, ensures high visibility and accessibility. The combination of renovated residential units generating rental income and the potential for developing the substantial commercial space makes this a truly remarkable investment opportunity in the heart of Canadian, Texas. The asking price is $270,000.