Downtown Office Redevelopment
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
Property Size42,096 SF
Days on Market94
Property Features for 501 - 517 Grant S
General Information
Standard status
Active
Size
42,096 SF
Property subtype
Office
Zoning
Central Business District
Building Details
Building Size
42,096 SF
Listing Agency:
Gaut Whittenburg Emerson CRE
Listed By:
Ben Whittenburg · License #TX #532785
(806) 373-3111
Source:
Gwamarillo
Added: Jul 16
Changed: Oct 14
Last Checked: Oct 16 at 7:11AM
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
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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.
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
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
936
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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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
Vacancy Rate% for Office in South region
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.
