1404 4th Ave Canyon, TX 79015-3740
- Office buildings
- 3,145 SF
- 0.11 lot acres
Current Use by Public Records
- William E Kelly III Law Firm / Attorney
- True Blessings LLC / Home Health Care Service
- Jim B Brown Atty At Law / Attorney
Property Details for 1404 4th Ave
- Year built
- 1966
- Lot size
- 0.11 lot acres
- Property size
- 3,145 SF
- Zone code
- RC3
- Property type
- Office buildings
- APN
- R-005-7800-3050
- APU
- R00578003050
Description
This exceptional 3,145 square foot office building, situated on a 4,791 square foot lot in Canyon, Texas, presents a unique investment opportunity. Completely renovated in 2023, the property boasts a desirable location just off the town square, ensuring high visibility and easy access. The building, constructed in 1966, offers flexible space ideal for both sale and lease. The layout includes multiple configurations to suit various business needs. For sale, the building offers six large offices, two restrooms, two waiting rooms, a reception area, copy room, and a break room. For lease, the space includes five large offices, two restrooms, a waiting room, reception area, copy room, and break room. Currently, 2,545 square feet are available for lease. The RC3 zoning allows for a variety of uses. Canyon's vibrant downtown square, proximity to West Texas A&M University, and its lively atmosphere create a strong tenant base and consistent foot traffic. This property offers an excellent chance to establish a thriving business in a desirable location with high visibility and accessibility. The building's recent renovation ensures modern amenities and functionality, making it an attractive option for businesses seeking a well-maintained and conveniently located space. Don't miss this opportunity to own or lease a piece of Canyon's thriving business community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $340,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $370,000
- 6.5%
- $360,000
- 7%
- $405,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $430,000
- Geo Method
- $355,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $390,000
- Retail
- $490,000
- Mixed-Use
- $470,000
- Hospitality
- $450,000
- Educational
- $405,000
- Residential Income
- $480,000
- Energy
- $430,000
- Income-Based Land
- $475,000
- Food Service
- $470,000
Location Insight
- Map
- Local Demand
- City
- Canyon
- County
- Randall
- State
- Texas
- Longitude
- -101.93
- Latitude
- 34.9796
- CBSA code
- 11100
- CBSA name
- AMARILLO, TX METROPOLITAN STATISTICAL AREA
