2300 Fm 2590 Canyon, TX 79015
- Commercial real estate
- 7.55 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2300 Fm 2590
- Lot size
- 7.55 lot acres
- Property type
- Commercial real estate
Description
This exceptional 7.55-acre commercial land development opportunity in Canyon, Texas, presents 12 buildable lots ideally situated off FM 2590, within city limits. Each lot ranges in size from 0.59 to 0.84 acres, offering flexibility for various development projects. City water and sewer services are readily available, simplifying infrastructure needs. FM 2590 experiences significant traffic volume, exceeding 6,000 vehicles daily as of 2022, and is projected to increase further, ensuring high visibility and accessibility for future businesses. A current appraisal values the property at $1,500,000 for retail and $1,175,000 for bulk sale. The asking price of $985,000 represents a compelling value, at 65% of retail and 84% of bulk appraisal. Bulk pricing for multiple lot purchases is available at $3 per square foot, while individual lots are priced at $3.75 per square foot. This presents a unique investment opportunity for builders and investors seeking prime commercial land in a rapidly growing area. The property is located at 2300 FM 2590, Canyon, TX 79015, in Randall County.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Canyon
- County
- Randall
- State
- Texas
- Longitude
- -101.936164
- Latitude
- 35.004038
