Investment Properties
Multi-Family Investment Properties at Lighthouse Prairie, Canyon TX
Built for investors. Canyon ISD. Growing rental market.
New N&B-built multi-family properties in Randall County, zoned to Canyon ISD and served by a State-approved public water utility. Close to WTAMU, downtown Canyon, and an easy commute to Amarillo. A smart investment in a rapidly growing area.
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Lighthouse Prairie is a new master-planned development in Randall County, offering residential, commercial, and industrial real estate opportunities just outside Canyon, Texas. N&B Homes is building Phase 1: multi-family investment properties that put investors at the front of one of the Panhandle’s steadiest rental markets.
Initially a 103-acre tract, Lighthouse Prairie’s infrastructure was designed from the ground up to help local investors and developers earn efficient returns, in line with county and state regulations.
Water Without the Well
Lighthouse Prairie is served by its own State-approved public water utility, Lighthouse District, LLC. It supplies residential, commercial, and industrial water, so owners and developers don’t need to build or maintain private wells. For a multi-family investor, that means lower upfront cost, fewer maintenance headaches, and a dependable service tenants can count on.
A Market With Built-In Demand
Canyon draws steady renters: West Texas A&M students and faculty, young professionals commuting to Amarillo, and families who want to be in the award-winning Canyon Independent School District. Add easy access to I-27, Canyon’s Historic Downtown Square, and Palo Duro Canyon State Park, and Canyon remains a place people want to live, and rent.
What Comes Next
- Phase 1: Multi-family investment properties, built by N&B Homes
- Phases 2 & 3: Residential and commercial properties, continuing the multi-use plan
- Commercial lots: Along Texas State Highway 217, breaking ground fall 2026
Lighthouse Prairie is an investment in Canyon’s next chapter of growth, and Phase 1 is the ground floor.
Looking to build a home instead? See our new construction in Mayra Park, Spring Canyon, and Hunter Estates.
Lighthouse Prairie in the CISD School District
- School District – CISD
- Elementary – Reeves-Hinger Elementary (PK-4)
- Jr. High School – Canyon Jr High School (7-8)
- High School – Canyon High School (9-12)
Invest in quality N&B-built multi-family property at Lighthouse Prairie. Learn more at LHCanyon.com, or call N&B Homes at (806) 681-8198 for details.