1515 S Garfield St Amarillo, TX 79102
For Sale
1 / 21
This exceptional 2,640 square foot commercial property, located at 1515 S Garfield Street in Amarillo, Texas, presents a unique investment opportunity. Situated on a sizable 0.4-acre lot, this property enjoys a highly desirable location near Interstate 40 and downtown Amarillo, within the Barrio and designated as an Opportunity Zone (see provided documents for NEZ2 details). The building itself offers a flexible and functional layout, ideal for a variety of commercial uses. The interior features a welcoming entrance area, two private offices perfect for executive staff or specialized departments, a spacious shared workspace suitable for collaborative projects or a larger team, a comfortable break area for employee relaxation, a dedicated meeting room for client presentations or internal discussions, and two convenient bathrooms. An open call area provides ample space for customer interaction or additional workspace. The entire building is climate-controlled, ensuring year-round comfort. The expansive lot offers significant potential for future expansion, whether that involves landscaping improvements, the addition of another structure, or even the construction of a completely separate building. This property's combination of size, location, and adaptability makes it an attractive proposition for entrepreneurs and investors alike, offering both immediate functionality and significant long-term growth potential. Its proximity to downtown Amarillo ensures easy access to the city's amenities and vibrant business community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
HC · Amarillo, TXAmarillo. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.