For Lease
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Property summary
This exceptional 3,665-square-foot executive office building, located at 5501 Enterprise Circle in Amarillo, Texas, presents a unique investment opportunity. Built in 1984 and situated on a 36,154-square-foot lot, the property is currently vacant and offers significant potential for redevelopment or immediate occupancy. The building's previous use as a bank drive-up provides a versatile layout adaptable to various business needs. Its single-tenant configuration allows for complete control and customization. The property is zoned PD and enjoys a highly visible location at the intersection of Enterprise Circle and I-40, offering unparalleled accessibility and exposure to a substantial volume of traffic. This I-40 West submarket location in Amarillo, Texas (zip code 79106) provides easy access to the interstate and surrounding amenities, making it an ideal choice for businesses seeking a prominent and convenient location. The property's strategic placement just off the eastbound I-40 Frontage Road ensures high visibility and easy access for clients and employees. This is a rare opportunity to acquire a well-positioned, adaptable commercial property in a thriving Amarillo submarket.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
remelting purposes, which is located in the A, GR, LC, CB, HC, I-1 and PD Zoning Districts. It also does not include the incidental outdoor display of commodities for retail sale where the use is permitted by section 4-1…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
GR · Amarillo, TXremelting purposes, which is located in the A, GR, LC, CB, HC, I-1 and PD Zoning Districts. It also does not include the incidental outdoor display of commodities for retail sale where the use is permitted by section 4-1…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
remelting purposes, which is located in the A, GR, LC, CB, HC, I-1 and PD Zoning Districts. It also does not include the incidental outdoor display of commodities for retail sale where the use is permitted by section 4-1…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GR in Amarillo, TX.
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