29993 State Highway 64Canton, TX 75103

Property Details for 29993 State Highway 64

Year built

2015

Lot size

7.48 AC

Property size (Sq ft)

6,250 SF

Property type

Commercial real estate

APN

086.0093.0240.0000.0000

APU

860093024000000000

Description

This exceptional investment opportunity encompasses a thriving, well-established archery business in Canton, Texas. The property includes a substantial 6,250 square-foot retail facility strategically located just half a mile from Interstate 20, offering excellent visibility and accessibility with frontage on State Highway 64. The building itself boasts an inviting open storefront, three indoor shooting ranges perfect for various skill levels, and a spacious employee workspace. Beyond the main building, the 13.78-acre property features an expansive outdoor shooting range and a challenging 30-target 3D archery course, catering to a wide range of archery enthusiasts. The business comes complete with all existing inventory and operational equipment, ensuring a seamless transition for the new owner. On Target Archery enjoys a strong reputation and loyal clientele, recognized as a premier archery destination in the Dallas-Fort Worth and East Texas regions. This turnkey operation presents a rare chance to acquire a profitable, established business with significant growth potential. Detailed financial information is available upon request after signing a non-disclosure agreement. The property's prime location and comprehensive amenities make it an ideal investment for both seasoned entrepreneurs and those seeking a unique business venture. This is a truly exceptional opportunity to own a successful and well-regarded business in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,559,940

  6.5%

  $1,439,940

  7%

  $1,337,090

• Comparable approach

  Method

  Valuation

  Relative Method

  $914,135

  Geo Method

  $1,871,190

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,866,260

  Retail / Commercial

  $1,463,670

  Mixed-Use / Specialty

  $1,453,620

  Hospitality / Lodging

  $1,060,180

  Office

  $1,439,940

  Institutional / Educational

  $1,509,450

  Residential Income

  $1,766,050

  Multifamily

  $2,144,920

  Automotive / Energy

  $1,293,810

  Parking / Income-Based Land

  $451,256

  Restaurant / Food Service

  $745,716

  Healthcare / Senior Housing

  $1,495,610

Location Insight

City

Canton

County

Van Zandt

State

Texas

Latitude

32.5955

Longitude

-95.919

Property Tax & Assessments

FAQs

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