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Days206Days on Market
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$1,500,000

408 23rd St, Canyon, TX, 79015

On MarketInfo
Baths0 Bath
Baths2,240 Sq Ft
price_per_sqft$669.64 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size9,583 sqft

Building Information

Year Built1980
Stories1

Land Information

APNR-052-4850-0250
SubdivisionNormal
Land UseCommercial
Legal DescriptionNORMAL, BLK 0003, 8 LESS E 15FT ROW & ALL OF 7
Census Tract021803
Assessed Land Value$57,499
Assessed Improvement Value$116,663
Assessment Year2025

About this property

Prime Restaurant Opportunity in Canyon, Texas In the heart of Canyon on its busiest commercial street, this fully operational restaurant property is now available for sale. The real estate and all interior contents convey, including all restaurant equipment, tables, chairs, décor, kitchen appliances, prep stations, refrigeration units, bar setup, and more. This is a complete turn-key opportunity for new owners. The business name does not convey. This is an active, operating establishment; please do not disturb staff. Located on a highly visible, high-traffic corridor, this location offers exceptional exposure and strong potential for continued growth. Ideal for a new concept, expansion, or investment acquisition.

Investor Tools

Property Icon
$174,162
Estimated Property Value
$180,000Estimated Mortgage Balance
$0Estimated Equity
-3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,000 /month
Positive
Cash Flow Estimate:
$3,000 /month

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Tia Van Ryn

Regal, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$316/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,924
$174,162
2025
$57,499
$116,663
$174,162
No

Tax History

Year
Tax Paid
Assessed Value
2018
$2,924
$174,162

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Happy State Bank
Commercial
$125,000
No
First
Apr 1, 2011
Oct 2011

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$232,130
N/A
0%
133%
$1,830/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Canyon

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