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Cathy Hickman

Engel & Völkers

[email protected] +1(817) 637-3021

$ 1,200,000

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Active Option Contract

24829 State Hwy 64 Canton, TX 75103

4.3 Acres Lot

UPDATED:

01/29/2025 04:10 AM

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active Option Contract

Purchase Type For Sale

Subdivision J Douthit

MLS Listing ID 20828996

Year Built 2015

Lot Size 4.300 Acres

Acres 4.3

Property Description

Immediate Income Potential! This East Texas property is truly a hidden gem, offering approximately 4.30 acres of prime land right in the heart of town close to the First Monday Trade Days Grounds! Currently the land lies outside the city limits and in the county. It features a diverse set of 18 rental units, including a spacious 3-bedroom, 2-bathroom home, duplexes, studios, and efficiency units, making it an attractive investment opportunity with a variety of living options. There is room for growth by possibly adding additional units or storage buildings. The property is well-equipped with two wells and three septic systems, ensuring ample resources for its operations. With all units currently fully occupied, it presents immediate income potential, making it a rare find for those looking to invest in a profitable and centrally located property.

Location

State TX

County Van Zandt

Zoning Commercial

Direction Property is located at the corner of Hwy 64 and Hwy 243, just behind Brookshire's in Canton.

Interior

Heating Other

Cooling Other

Flooring Carpet, Hardwood, Luxury Vinyl Plank, Tile

Heat Source Other

Exterior

Utilities Available Aerobic Septic, Cable Available, Electricity Available, Electricity Connected, Gravel/Rock, Outside City Limits, Well

Roof Type Composition,Metal

Garage No

Building

Lot Description Acreage, Few Trees

Foundation Other

Structure Type Other

Others

Ownership Of record

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Aerial Photo

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Debbie Murdock • Exit Realty Pro

Cathy Hickman

Advisor | License ID: 0726600

+1(817) 637-3021

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