Auction - Old Mill Marketplace | 174,864 SF | 108-Acres
STARTING BID $350,000 | Old Mill Marketplace | 174,864 SF | 108-Acres | AUCTION JULY 13-15
Marketing description
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).
Investment highlights
- Large-scale ±108-acre mixed-use / redevelopment opportunity next to the iconic First Monday Trade Days destination.
- Covered land play with in-place income potential from vendor spaces, RV sites, event rentals, self-storage, parking, and existing marketplace operations.
- Substantial existing improvements totaling 170,000+ SF, including seven pavilions totaling ±174,864 SF, vendor areas, ±143 RV spaces with full hookups, ±40 self-storage units, and expansive parking areas.
- First Monday Trade Days attracts 100,000–200,000+ monthly visitors and generates more than $45 million in annual regional economic activity. First Monday Canton’s official website markets the event as the “World’s Largest Flea Market” and notes it operates the Thursday through Sunday before the first Monday of each month.
- 30+ acres of undeveloped land suitable for future mixed-use, boutique hospitality, entertainment, RV, retail, or destination-oriented development while maintaining existing revenue streams.
- Flexible zoning / entitlement pathway, with approximately 60 acres inside city limits zoned FMB-A1 First Monday Business District and approximately 48 acres outside city limits offering potential annexation and rezoning upside.
- Potential public-private partnership angle, Canton EDC interest in projects aligned with community goals; local government incentives include job creation, training, capital investment, and infrastructure grants.
- 11.47% Population Growth from 2020-2025 and 7.98% Growth Projected from 2025-2030 (5-Mile Radius)
- Attractive Demographics with Average Household Income of ±$88,388 (5-Mile)
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