Current Use by Public Records
- Retail properties & Spaces
Property Details for 24980 St Hwy
- Year built
- 1990
- Lot size
- 4.00 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Office Spaces
Description
This exceptional commercial property, located at 24980 E St Hwy 64 in Canton, Texas, presents a compelling investment opportunity. The 4-acre lot houses multiple buildings totaling 12,786 square feet, offering diverse income streams and expansion potential. A beautifully finished 4,200 square foot executive office building is ready for multiple tenants, boasting attractive finishes and high functionality. Additionally, a 4,100 square foot warehouse features both open and enclosed storage areas, a small office, and a full standby generator. Ground-level and dock-high truck access are available, along with approximately 3,200 square feet of covered storage. Significant open lot space allows for further development or expansion of commercial or retail buildings. This property benefits from its strategic location less than one mile east of Highway 19, near downtown Canton, ensuring high visibility and accessibility. Current tenants provide immediate income, with the owner-tenant of the office building and outside storage relocating, and the warehouse tenant likely to remain. A communication tower lease is also expected to continue. The property's APN is R000006622. Built in 1990, this single-story property is priced at $1,000,000, or $78.21 per square foot. The property consists of two units. This is a rare opportunity to acquire a versatile commercial property with strong existing income and significant upside potential in a thriving Texas market.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Canton
- County
- Van Zandt
- State
- Texas
- Longitude
- -95.8491
- Latitude
- 32.5493
