24700 Highway 64 Canton, TX 75103
This exceptional 5,126 square foot retail property presents a unique investment opportunity in Canton, Texas. Located at the high-traffic intersection of Highway 64 and Highway 243, this property boasts unparalleled visibility and accessibility. The building, formerly a gas station, requires renovation but offers significant potential for a variety of commercial uses. The substantial 1.5-acre lot provides ample space for expansion or additional structures, making it ideal for a larger-scale development. Its prime location near the Van Zandt County Fair Grounds, Northeast Texas Coop, and a Goodwill store ensures consistent foot traffic and brand recognition. A new truck stop is planned across Highway 64, further enhancing the property's future prospects. City water is available, and city sewer access is across the road, requiring a road bore connection (contact the City of Canton for details). While not within city limits, this location offers the benefits of proximity to essential amenities and a thriving community. The property's size and strategic location make it an attractive investment for entrepreneurs and developers seeking a high-impact commercial venture. The previous fuel tanks have been removed, eliminating environmental concerns. This is a rare opportunity to acquire a large, well-positioned property with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.