24700 Highway 64 Canton, TX 75103
- Retail properties
- 5,126 SF
- 1.50 lot acres
Current Use by Public Records
- Retail properties
Property Details for 24700 Highway 64
- Lot size
- 1.50 lot acres
- Property size
- 5,126 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
This 1.5-acre commercial property in Canton, Texas, presents a unique redevelopment opportunity. Located at the intersection of Hwy 64 and Hwy 243, this high-traffic location boasts excellent visibility. The existing 5,126 square foot building, formerly a gas station, requires renovation. Underground storage tanks have been removed. The large lot offers ample space for expansion or the construction of additional buildings. This prime location is near the Van Zandt County Fair Grounds, Northeast Texas Coop, and a Goodwill Store. A new truck stop is under development across Hwy 64, further enhancing the area's commercial appeal. City water is available, and city sewer access is across the road, requiring a road bore connection (contact the City of Canton for details). The property is not within city limits. The asking price is $675,000. This property is ideal for investors seeking a high-potential retail development project in a rapidly growing area. The substantial lot size and strategic location offer significant upside for future development and increased profitability.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Canton
- County
- Van Zandt
- State
- Texas
- Longitude
- -95.8565
- Latitude
- 32.5368
