408 15Th St Canyon, TX 79015

Property Details for 408 15Th St

Property type

Commercial real estate

Description

This exceptional 7800 square foot commercial property, situated on Canyon, Texas's historic square, presents a compelling investment opportunity. Previously operating as a hardware store for 48 years, the building has undergone significant renovations within the last decade. These improvements include a complete overhaul of the electrical system, a new HVAC system ensuring efficient climate control, and a durable TPO roof, minimizing future maintenance costs. The property is currently leased under a triple net lease arrangement, offering a stable stream of income for the investor. Canyon's historic square has experienced a revitalization, transforming into a thriving hub of activity. This vibrant area boasts a diverse range of businesses, including six restaurants, a coffee shop, a cake company, and numerous retail establishments, creating a high-traffic environment ideal for commercial success. The property's prime location and recent renovations make it an attractive option for both investors seeking strong lease income and business owners looking for a well-maintained space in a desirable location. The property's size and layout offer significant flexibility for a variety of commercial uses, capitalizing on the growing popularity of Canyon's historic square as a regional destination. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving Texas town. The property is offered at $1,170,000.

Location Insight

City

Canyon

County

Randall

State

Texas

Longitude

-101.929

Latitude

34.9794