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Turn-Key Restaurant Opportunity in Canyon
For Sale
$1,500,000

408 23RD Street, Canyon, TX 79015

COMMERCIAL - Canyon, TX

Property Size2,240 SF
Price / SF$669.64
Days on Market274

Property Features for 408 23RD Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description 0900 - All of Canyon in City Limits
Parking features Parking Lot
Directions FROM AMARILLO TAKE EXIT 110 INTO US-60 W US-87 SOUTH TOWARD CANYON, CONTINUE ONTO US-87 S RESTAURANT IS ON THE LEFT.
Subdivision 0904 - WTAMU
Standard status Active
APN 215768
Size 2,240 SF

Taxes and HOA fees

Tax Description NORMAL LOTBLOCK 0003 8 LESS E 15FT ROW & ALL OF 7
Legal Description NORMAL LOTBLOCK 0003 8 LESS E 15FT ROW & ALL OF 7

Building Details

Year built 1980
Listing Agency: Regal, REALTORS
Listed By: Tia Van Ryn · License #0672134
Added: Nov 22, 2025 Changed: Aug 4 Last Checked: Aug 23 at 3:06PM
MLS# 25-9705

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 in the heart of Canyon, Texas, on its busiest commercial street, this fully operational restaurant property is available for sale. The real estate and all interior contents convey, including all restaurant equipment, tables, chairs, decor, kitchen appliances, prep stations, refrigeration units, and bar setup. This 2,240 square-foot property is a complete turn-key opportunity for new owners. Located on a highly visible, high-traffic corridor, this location offers exceptional exposure and strong potential for continued growth. It is ideal for a new concept, expansion, or investment acquisition. The property is located at 408 23RD Street, Canyon, TX 79015-4042.

Key Highlights

  • Fully operational restaurant with all equipment included, a turn‑key opportunity.
  • Prime location on Canyon's busiest commercial street.
  • High visibility and high‑traffic corridor.

Property Analytics

Current Use

Pepito's Mexican Restaurante Restaurant

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Law Firm Parking Lot & Garage Pharmacy Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

822
Businesses Nearby
Under-served
Demand for This Use

Demographics for 79015, TX

21,710
Population
9,311
Households
2.3
Avg Household Size
32
Median Age
40%
College-Educated
95%
High-School Grad
328.5 sq mi
ZIP Area
66
Density / Sq Mi
$81,351
Median Household Income
$43,168
Median Earnings
$976
Median Rent
$267,900
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Fully operational restaurant for sale in high-traffic Canyon location.
Where is this conventional restaurant located?
The property is located at 408 23RD Street Canyon, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Fully operational restaurant with all equipment included, a turn‑key opportunity.; Prime location on Canyon's busiest commercial street.; High visibility and high‑traffic corridor.
More about this property
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