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Downtown Office Redevelopment Opportunity
For Lease
$1,425,000

501 - 517 Grant S, Amarillo, TX 79101

Multi-suite office property offered for redevelopment in downtown Amarillo.

Space SizeContact for details
Days on Market20

Property Features for 501 - 517 Grant S

General Information

Standard status Active
Property subtype Office
Listing Agency: Gaut Whittenburg Emerson CRE
Listed By: Ben Whittenburg · License #TX #532785
Source: Gwamarillo
Added: Jul 16 Changed: Jul 17 Last Checked: Aug 4 at 6:02AM

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

Investment Insights

Based on property information with market context.

This commercial office property is offered for rent and presents a redevelopment opportunity in downtown Amarillo. The offering includes multiple office suites within the 501–517 Grant S address range.

The property is identified as a downtown office location and is positioned for tenants or operators interested in reconfiguring an existing office setup.

Specific interior improvements, unit configuration details, and condition information were not provided, so prospective parties should verify layout and any redevelopment scope during due diligence.

Key Highlights

  • Multi‑suite office property offered for redevelopment in downtown Amarillo.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Carpet & Flooring Store Skin Care Clinic Catering Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,147
Businesses Nearby

Demographics for 79101, TX

2,307
Population
1,309
Households
1.8
Avg Household Size
51
Median Age
15%
College-Educated
81%
High-School Grad
1.6 sq mi
ZIP Area
1,442
Density / Sq Mi
$40,313
Median Household Income
$36,409
Median Earnings
$898
Median Rent
$152,300
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Multi-suite office property offered for redevelopment in downtown Amarillo.
Where is this office building located?
The property is located at 501 - 517 Grant S Amarillo, TX.
What is the lease rate?
The lease rate is $1,425,000.
What are key features of this property?
This property features: Multi‑suite office property offered for redevelopment in downtown Amarillo.
More about this property
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