Development Madison Park Canyon, TX 79015

Property Details for Development Madison Park

Property type

Commercial real estate

Description

This exceptional commercial land offering comprises twelve prime lots totaling approximately 6 acres situated on FM 2590 within Canyon city limits. Each lot ranges in size from 0.59 to 0.84 acres, providing flexibility for various development projects. The property benefits from readily available city water and sewer services, simplifying infrastructure needs. FM 2590 experiences significant traffic volume, exceeding 6,000 vehicles daily as of 2022, and is projected to increase further, ensuring high visibility and accessibility for any business. A recent appraisal valued the property at $1,500,000 for retail and $1,175,000 for bulk sale. This listing presents a compelling investment opportunity, with the asking price representing a significant discount of 65% of the retail appraisal and 84% of the bulk appraisal. Bulk pricing is available at $3 per square foot, while individual lots are priced at $3.75 per square foot. Significant discounts are available for multi-lot purchases, making this an attractive proposition for investors and builders alike. Contact the office to inquire about lot availability and to discuss your specific development plans. This is a rare chance to acquire well-located commercial land in a rapidly growing area.

Location Insight

City

Canyon

County

Randall

State

Texas

Longitude

-101.926

Latitude

34.9778