Retail and Automotive Service
For Sale
Contact for pricing
1700 South Nelson Street, Amarillo, TX 79103
Fronting an Interstate frontage road, this property includes a retail and auto shop with a billboard on-site.
Property Size1,624 SF
Lot Size0.52 Acres
Price / SF$400.25
Days on Market152
Property Features for 1700 South Nelson Street
General Information
Standard status
Active
Size
1,624 SF
Lot size
0.52 Acres
Property subtype
Retail
Zoning
Garage Service
Investment Type
Redevelopment
Site & Location
Traffic Count
33,600 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1965
Stories
1
Units
1
Listing Agency:
The Llano Real Estate
Listed By:
Deeter Prater · License #822851
(806) 681-1323
Source:
Crexi
Added: Jun 1
Changed: Oct 26
Last Checked: Oct 28 at 5:30AM
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 The Llano Real Estate
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Investment Insights
Based on property information with market context.
This property at 1700 S Nelson Street includes a 1,624-square-foot retail and automotive shop on a 0.52-acre site. The facility was formerly operated as a Chevron service station and Interstate Car Care, and it features a 2020 roof replacement. A structural advertising billboard remains on the property, creating on-site advertising income.
The building directly fronts the Interstate 40 frontage road near Nelson Street. The location is described as having daily traffic over 33,600 vehicles per day along the primary Interstate 40 commercial corridor.
The site is zoned General Retail (GR). The current and past use includes auto repair and service station activity, with the property positioned for continued automotive service and other general retail-oriented concepts consistent with the GR zoning.
The building directly fronts the Interstate 40 frontage road near Nelson Street. The location is described as having daily traffic over 33,600 vehicles per day along the primary Interstate 40 commercial corridor.
The site is zoned General Retail (GR). The current and past use includes auto repair and service station activity, with the property positioned for continued automotive service and other general retail-oriented concepts consistent with the GR zoning.
Key Highlights
- 0.52‑acre commercial property at 1700 S Nelson St in Amarillo, TX with 1,624 SF retail and automotive shop
- Directly fronts the I‑40 frontage road near Nelson St for high traffic exposure (33,600+ vehicles per day along I‑40 corridor)
- New roof installed in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,235
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,700
$384.7K
Cap Rate 7%
$274,786
$274.8K
Cap Rate 9%
$213,722
$213.7K
Market Conditions
NOI Build-Up for 1,624 SF
Gross rent
$27.3K $16.80/SF
− Vacancy
−$1.6K −$1.01/SF
EGI
$25.6K $15.79/SF
− OpEx
−$6.4K −$3.95/SF
NOI
$19.2K $11.84/SF
Area
Amarillo, TX
Vacancy
6.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,700
Cap Rate 7%
$274,786
Cap Rate 9%
$213,722
Alternative Uses
Best Use
Specialty Retail
$274.8K
$240.4K – $320.6K
NOI $19,235 @ 7.0% cap · market cap 2.96%
Second Best
Retail
$224.1K
$196.1K – $261.5K
NOI $15,688 @ 7.0% cap · market cap 2.41%
Theoretical Best
Office A
$362.6K
$317.3K – $423.0K
NOI $25,381 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
33,600 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
604
Businesses Nearby
Explore this area
Business Placement
Demographics for 79103, TX
10,532
Population
3,784
Households
2.8
Avg Household Size
34
Median Age
13%
College-Educated
80%
High-School Grad
4.3 sq mi
ZIP Area
2,449
Density / Sq Mi
$55,885
Median Household Income
$35,862
Median Earnings
$1,197
Median Rent
$123,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Gas station - Fronting an Interstate frontage road, this property includes a retail and auto shop with a billboard on-site.
Where is this gas station located?
The property is located at 1700 South Nelson Street Amarillo, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 0.52‑acre commercial property at 1700 S Nelson St in Amarillo, TX with 1,624 SF retail and automotive shop; Directly fronts the I‑40 frontage road near Nelson St for high traffic exposure (33,600+ vehicles per day along I‑40 corridor); New roof installed in 2020
