Bar and Restaurant
For Sale
Contact for pricing
4001 SW 51st Ave, Amarillo, TX 79109
Bar and restaurant space available for lease with a simultaneous option to purchase the operating business.
Property Size4,200 SF
Price / SF$119.05
Days on Market701
Property Features for 4001 SW 51st Ave
General Information
Standard status
Active
Size
4,200 SF
Property subtype
RETAIL
Additional Details
Business Included
Yes
Listing Agency:
Gaut Whittenburg Emerson CRE
(806) 373-3111
Listed By:
Sheril Blackburn
Source:
Moodyscre
Added: Aug 30, 2024
Changed: Jul 28
Last Checked: Jul 28 at 9:47PM
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 building is exclusively available for lease with the simultaneous purchase of the Whiskey River Bar business. The space is described as fully equipped for operation, with the combined offering designed to give an owner immediate control of both the business and the permanent location.
The property is positioned on the west side of Interstate 27, north of the intersection of Western St and I-27, in a retail zone. The remarks highlight convenient accessibility and strong visibility along this corridor.
With an overall size of 4,200 square feet, the offering is tailored for a bar and restaurant operation that can be run from an existing, equipped space.
The property is positioned on the west side of Interstate 27, north of the intersection of Western St and I-27, in a retail zone. The remarks highlight convenient accessibility and strong visibility along this corridor.
With an overall size of 4,200 square feet, the offering is tailored for a bar and restaurant operation that can be run from an existing, equipped space.
Key Highlights
- Bar and restaurant space available for lease with a simultaneous option to purchase the operating business
- Business purchase price: $400,000 for a fully‑equipped space
- Bundle option: purchase both the business and the building for a combined price of $800,000
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.0k | $15.00 |
| − Vacancy | −$5.0k | −$1.20 |
| EGI | $58.0k | $13.80 |
| − OpEx | −$17.4k | −$4.14 |
| NOI | $40.6k | $9.66 |
4,200 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$710.6K
$621.8K – $829.1K
NOI $49,745 @ 7.0% cap · market cap 9.95%
Second Best
Retail
$579.6K
$507.2K – $676.2K
NOI $40,572 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$937.7K
$820.5K – $1.09M
NOI $65,641 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79109, TX
42,509
Population
20,308
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
10.3 sq mi
ZIP Area
4,127
Density / Sq Mi
$68,579
Median Household Income
$41,410
Median Earnings
$945
Median Rent
$217,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Goldenlight Beer & Wine Garden — 6014 S Western St, Amarillo, TX 79110
- Whiskey River — 4001 SW 51st Ave, Amarillo, TX 79109
- Cactus Bar — 4831 S Western St, Amarillo, TX 79109
- Pine Shed Lounge — 5342 Canyon Expy, Amarillo, TX 79109
- Old Santa Fe Lounge — 4901 S Western St, Amarillo, TX 79109
Frequently Asked Questions
What type of property is this?
Bar & Pub - Bar and restaurant space available for lease with a simultaneous option to purchase the operating business.
Where is this bar & pub located?
The property is located at 4001 SW 51st Ave Amarillo, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Bar and restaurant space available for lease with a simultaneous option to purchase the operating business; Business purchase price: $400,000 for a fully‑equipped space; Bundle option: purchase both the business and the building for a combined price of $800,000
