408 15Th St Canyon, TX 79015
- Retail properties
- 7,800 SF
Current Use by Public Records
- Retail properties
Property Details for 408 15Th St
- Year built
- 1924
- Property size
- 7,800 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This 7,800 square foot storefront, located at 408 15th St in Canyon, Texas (79015), presents a unique investment opportunity. The property, formerly a hardware store for 48 years, boasts a prime location on the historic Canyon Square, a thriving retail destination in the Texas Panhandle. The building, constructed in 1924 and renovated in 1980, features a versatile layout suitable for various retail concepts. Recent improvements include new electrical systems, HVAC, and a TPO roof. The property is zoned for retail use and offers excellent visibility and foot traffic on 15th Street. With ample parking and proximity to other businesses, including six restaurants, a coffee shop, and a cake company, this single-unit, fee-simple property offers strong lease income potential or an ideal location for a new or relocating business. The 7,800 square foot lot offers a land value of $8 per square foot. The asking price is $1,170,000, translating to $150 per square foot. This Class C building is currently vacant and presents a chance to capitalize on the bustling Canyon area's growth. The property's strong street presence and opportunities for prominent signage further enhance its investment appeal.
Value Estimation
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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
