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Auction - Old Mill Marketplace | 174,864 SF 542 E Dallas St 174,864 SF 100% Leased Industrial Building Canton, TX 75103 $482,349 CAD ($2.76 CAD/SF)
Investment Highlights
- STARTING BID $350,000 | Old Mill Marketplace | 174,864 SF Commercial Buildings | 108-Acres | Dallas MSA | AUCTION JULY 13-15
- Covered land play with in-place income potential from vendor spaces, RV sites, event rentals, self-storage, parking, and existing marketplace
- First Monday Trade Days attracs 100,000–200,000+ monthly visitors and generates more than $45 million in annual regional economic activity.
- Large-scale ±108-acre mixed-use / redevelopment opportunity next to the iconic First Monday Trade Days destination.
- Substantial existing improvements totaling 170,000+ SF, including seven pavilions totaling ±174,864 SF, vendor areas, ±143 RV spaces with full hookups
- 30+ acres of undeveloped land suitable for future mixed-use, boutique hospitality, entertainment, RV, retail, or destination-oriented development
Executive Summary
Marcus & Millichap is pleased to present Old Mill Marketplace, a rare opportunity to acquire a 108-acre destination property in Canton, Texas, directly positioned to benefit from the year-round tourism draw of First Monday Trade Days. The Property includes meaningful in-place infrastructure and revenue-generating components, including pavilions, vendor areas, RV sites, self-storage, event space, and parking, while also offering 30+ acres of undeveloped land for future expansion or repositioning. With its scale, location, existing cash-flow potential, and proximity to one of Texas’ best-known monthly visitor destinations, the asset is well suited for a buyer seeking a covered land play, marketplace turnaround, boutique hospitality concept, RV / event expansion, or larger mixed-use destination redevelopment. Canton’s tourism base, EDC incentive tools, and position in the eastward growth path of the Dallas-Fort Worth region further support the long-term investment thesis.
Canton is an East Texas submarket along Interstate 20 that serves as both the seat of Van Zandt County and a well-known regional retail and tourism draw. The market is best known for First Monday Trade Days, a long-running event held on more than 450 acres that brings significant recurring visitor traffic to the area, supporting retail, hospitality, and service-commercial demand. Canton is well positioned for new construction in distribution, warehousing, manufacturing, and small business growth due to its access to markets and regional labor shed. For commercial real estate investors unfamiliar with the area, Canton offers exposure to a small but highly visible trade-area hub with tourism-driven traffic, highway connectivity, and a diverse local commercial base. The surrounding ±10-Mi trade area is home to ±25,321 residents with an average household income (AHHI) of ±$89,333. The population has experienced 9.75% growth from 2020-205 with 7.7% growth expected to continue through 2030 (10-mile).
The current owner has initiated a real estate tax challenge for the Property. The related tax consulting agreement will be assigned to the buyer at closing, and the buyer will be responsible for any contingency-based fee owed to the consultant from realized real estate tax savings, currently understood to equal 25% of such savings, pursuant to the terms of that agreement.
Property Tours
Property tours are available by appointment only May 28 – May 31 and July 2 – July 5. Please reach out to David Fersing (david.fersing@marcusmillichap.com | 972-755-5151) to schedule.
Canton is an East Texas submarket along Interstate 20 that serves as both the seat of Van Zandt County and a well-known regional retail and tourism draw. The market is best known for First Monday Trade Days, a long-running event held on more than 450 acres that brings significant recurring visitor traffic to the area, supporting retail, hospitality, and service-commercial demand. Canton is well positioned for new construction in distribution, warehousing, manufacturing, and small business growth due to its access to markets and regional labor shed. For commercial real estate investors unfamiliar with the area, Canton offers exposure to a small but highly visible trade-area hub with tourism-driven traffic, highway connectivity, and a diverse local commercial base. The surrounding ±10-Mi trade area is home to ±25,321 residents with an average household income (AHHI) of ±$89,333. The population has experienced 9.75% growth from 2020-205 with 7.7% growth expected to continue through 2030 (10-mile).
The current owner has initiated a real estate tax challenge for the Property. The related tax consulting agreement will be assigned to the buyer at closing, and the buyer will be responsible for any contingency-based fee owed to the consultant from realized real estate tax savings, currently understood to equal 25% of such savings, pursuant to the terms of that agreement.
Property Tours
Property tours are available by appointment only May 28 – May 31 and July 2 – July 5. Please reach out to David Fersing (david.fersing@marcusmillichap.com | 972-755-5151) to schedule.
Property Facts
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | R000004787 | Improvements Assessment | $30,775 CAD |
| Land Assessment | $1,364,631 CAD | Total Assessment | $1,395,406 CAD |
Property Taxes
Parcel Number
R000004787
Land Assessment
$1,364,631 CAD
Improvements Assessment
$30,775 CAD
Total Assessment
$1,395,406 CAD
Contacts
-
David Fersing -
Adam Sklaver -
Philip Kates -
Kyle Hynes -
Timothy Speck -
Marcus & Millichap
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Auction - Old Mill Marketplace | 174,864 SF | 542 E Dallas St
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