Former Retail Building For Sale

1600 S Western St, Amarillo, TX

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For Sale

Contact for pricing

Former Walgreens building available for sale or lease.

Type:RETAIL

Property size:

15,036 SF

Lot size:

1.87 Acres

Price / SF:

$192/SF

HighLights

Highly visible location at a good intersection with ingress/egress to both Western and Plains.
Good parking with 75 parking places and drive thru is in place.
Open layout floor plan, good for general retail, medical, restaurant and many other uses.
Former Walgreens location.
Overhead fire suppression system.
Available for lease or sale.

We can help!

Listing Contact

Ben Whittenburg

For Sale

Contact for pricing

Former Walgreens building available for sale or lease.

Type:RETAIL

Property size:

15,036 SF

Lot size:

1.87 Acres

Price / SF:

$192/SF

Added:: Mar 21, 2025
Days on Market:: 446
Last Refresh:: May 20 at 8:44 pm

Property Features for 1600 S Western St

General Information

Standard status: Active
Size: 15,036 SF
Lot size: 1.87 Acres
Property subtype: RETAIL

Properties For Sale

at 1600 S Western St Contact us

We can help!

Listing Contact

Ben Whittenburg

Listing agent Ben Whittenburg License ##532785

Listing office Gaut Whittenburg Emerson CRE

Listing date Mar 21, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Gaut Whittenburg Emerson CRE

HighLights

Highly visible location at a good intersection with ingress/egress to both Western and Plains.
Good parking with 75 parking places and drive thru is in place.
Open layout floor plan, good for general retail, medical, restaurant and many other uses.
Former Walgreens location.
Overhead fire suppression system.
Available for lease or sale.

Overview

This property, formerly a Walgreens, is available for sale or lease. The building features an open layout floor plan suitable for general retail, medical purposes, restaurants, and various other uses. It is situated in a highly visible location at a prominent intersection, offering convenient access from both Western Street and Plains Boulevard. Ample parking is provided with 75 spaces, and a drive-thru is already in place. The property is equipped with an overhead fire suppression system. The property size is 15,036 square feet. The 2024 property taxes are $23,718.00.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$252.6k	$16.80
− Vacancy	−$15.2k	−$1.01
EGI	$237.4k	$15.79
− OpEx	−$59.4k	−$3.95
NOI	$178.1k	$11.84

15,036 SF · lease $16.80/SF/yr · vacancy 6.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$2.54M

$2.23M – $2.97M (±1% cap)

NOI $178,086 @ 7.0% cap · market cap 6.14%

Second Best

Retail

$2.07M

$1.82M – $2.42M (±1% cap)

NOI $145,248 @ 7.0% cap · market cap 5.01%

Theoretical Best

Office A

$3.36M

$2.94M – $3.92M (±1% cap)

NOI $234,995 @ 7.0% cap · market cap 8.10%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Walgreens Photo (Bike/Boat/Book/etc) Store Walgreens Pharmacy Pharmacy Andrew J. Helterbran, ... Pharmacy Steven D. Brown, ... Pharmacy LibertyX Bitcoin ATM Atm

Suggested Use

Similar Places Nearby

Andrew J. Helterbran, PharmD — 1600 S Western St, Amarillo, TX 79106, United States
Georjina B. Travis-Barner, PharmD — 5135 Plains Blvd, Amarillo, TX 79106
Opal Nutrition — 2921 I-40 Suite 1200, Amarillo, TX 79109
Richard Sharp — 5135 Plains Blvd, Amarillo, TX 791064515
Rebel Nutrition — 3703 Wolflin Ave, Amarillo, TX 79102

Location Insight

Map
Local Demand

City: Amarillo
County: Randall
State: Texas
Longitude: -101.885
Latitude: 35.1989

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For sale
Drug stores
TX
Amarillo
1600 S Western St

What type of property is this?

Drug store - Former Walgreens building available for sale or lease.

Where is this drug store located?

The property is located at 1600 S Western St Amarillo, TX.

What is the asking price?

The asking price for this property is $2,900,000.

What are key features of this property?

This property features: Highly visible location at a good intersection with ingress/egress to both Western and Plains.; Good parking with **75 parking places** and drive thru is in place.; **Open layout floor plan**, good for general retail, medical, restaurant and many other uses.

1600 S Western St, Amarillo, TX

Former Walgreens building available for sale or lease.

Property Features for 1600 S Western St

General Information

Properties For Sale

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Functional Commercial Property in Amarillo

Modern Office Building

Former Truck Shop with Bays

Established Auto Repair Business

Amarillo Commercial Property on I-40

Commercial Property Near Downtown Amarillo

Downtown Flex Retail Building

Commercial Property in Southwest Amarillo

Highway Frontage Commercial Opportunity

Professional Office Property in Amarillo

Turn-Key Amarillo Commercial Property

Shop/Office Property on 7 Acres

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