SOLD: $350,000

Canyon Multi-Family Development

Property Description

NEW duplex lot development located just South of the First United Event Center in Canyon, Texas. Developed in conjunction with a new 14,400 Sq Ft retail shopping center, the 9 duplex lots will house up to 22 duplex units. Construction of the duplex units has an estimated return on investment of 8%. The location is in close proximity to West Texas A&M University with the schools new construction projects moving toward this location. The lots will provide duplexes that would be ideal housing for young professionals, young couples or college professors. The retail shopping center will be a beautiful, modern industrial building attracting new retail business for Canyon, Texas. This retail center will make the duplex an exciting and attractive place to call home.

Property Features

• 9 Lots
• Each lot 6,100 Sq Ft
• Cost Per Lot: $38,900
• Potential of 22 duplex units with parking
• Estimated duplex unit size: 1,100 Sq Ft
• Estimated return on investment: 8%
• Water/Electrical utilities already developed

• Completion of adjacent retail center estimated: October 18, 2019

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Listing Agent: Shawn Gillispie

Cell: (806) 922-5532
Gillispie Land Group
6107 S. Coulter, Suite 300
Amarillo, TX 79119

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