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Downtown Office Complex with Courtyard
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1501 S Polk St, Amarillo, TX 79101

Two-building downtown office complex with multiple conference rooms and a shared courtyard for tenant break or meeting space.

Space Size50,637 SF
Days on Market222

Property Features for 1501 S Polk St

General Information

Standard status Active
Size 50,637 SF
Property subtype OFFICE
Lease Type NNN

Restaurant

Commercial Hood Yes
Grease Trap Yes

Building Details

Stories 3

Spaces For Lease

at 1501 S Polk St
1501 S Polk St $18/SF/Yr
Floor Bldg
Size 50,637 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- 50,637 SF office building - Divided into 2 units - Over 50 private offices possible - Spacious presentation room for 100 people - Multiple conference rooms available - Beautiful courtyard between the two buildings - Larger building spans almost 40,000 square feet - Three floors of versatile office space - Basement kitchen with grease trap and hood vent - Ideal for office building investors
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Listing Agency: Llano Real Estate Group
Listed By: Josh Langham · License #0664099
Source: Moodyscre
Added: Mar 16 Changed: Oct 7 Last Checked: Oct 23 at 10:49AM

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 Llano Real Estate Group

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Investment Insights

Based on property information with market context.

1501 S Polk St is an expansive office complex made up of two distinct buildings totaling 50,637 SF. The larger building is approximately 40,000 SF across three floors and includes more than 50 private offices plus a professional presentation room with seating for 100. Multiple conference rooms are available throughout the facility to support day-to-day meetings and team collaboration. Between the two structures, a shared courtyard provides outdoor space that can function as a break area or meeting setting.

The property is located in the heart of downtown Amarillo and is described as having seamless connectivity to major transportation routes. Tenants also benefit from being within walking distance of dining, banking, and cultural landmarks that are present in the surrounding downtown district.

For corporate teams and professional groups that need a mix of private offices and formal meeting space, this configuration offers dedicated presentation capacity alongside multiple conference rooms. The larger building also features a basement kitchen with a pre-installed grease trap and hood vent, which can support office catering or culinary-focused business activity on-site.

Key Highlights

  • Expansive 50,637 SF downtown Amarillo office complex with two buildings and flexible office space
  • Larger ~40,000 SF building spans three floors and includes 50+ private offices
  • 100‑person presentation/professional presentation room plus multiple conference rooms for team meetings

Property Analytics

Contact the owner directly Get the owner's phone numbers and email
Open Analytics

Current Use

Dr. Lorraine A. Sommerfeldt, ... Physician Dr. Alejandro V. ... Physician Texas Panhandle Centers ... Crisis Center Wood David W Counselor Texas Panhandle Centers Crisis Center

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Skin Care Clinic Electrical Service (Bike/Boat/Book/etc) Store

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

Yes
Commercial hood
Yes
Grease trap
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,470
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Amarillo, TX

$16.4 /SF/Yr
Avg Asking Price
$15–$18 /SF/Yr
Price Range
17,885 SF
Avg Space Size

This space is priced 10% above the average of $16.4 /SF/Yr.

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

Frequently Asked Questions

What type of property is this?
Office building - Two-building downtown office complex with multiple conference rooms and a shared courtyard for tenant break or meeting space.
Where is this office building located?
The property is located at 1501 S Polk St Amarillo, TX.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Expansive 50,637 SF downtown Amarillo office complex with two buildings and flexible office space; Larger ~40,000 SF building spans three floors and includes 50+ private offices; 100‑person presentation/professional presentation room plus multiple conference rooms for team meetings
(806) 236-3736 Call to check price and availability
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