Downtown Flex Retail
701 SE 10TH Avenue Amarillo, TX 79101
701 SE 10TH Avenue, Amarillo, TX, 79101
$690,000
For Sale
$690,000
COMMERCIAL - Amarillo, TX
Property Size10,300 SF
Price / SF$66.99
Days on Market24
Property Features for 701 SE 10TH Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 216244
- Size
- 10,300 SF
Taxes and HOA fees
- Tax Description
- MIRROR'S ADDN LOTBLOCK 0401 6 LESS S 5FT ROW & S 50 FT OF 7
Building Details
- Year built
- 1925
Listing Agency
Gaut Whittenburg Emerson Commercial Real Estate, LLC
(806) 373-3111
600 S Tyler, Suite 101, Amarillo, TX
Listed by
Miles Bonifield · License #0594133
(806) 373-3111
Added: Jun 25 Checked: Jul 18 at 7:06 pm
MLS# 25-9131
Copyright © 2026 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This remodeled downtown flex retail/office/warehouse building was updated in 2020 and shows pride of ownership throughout. The interior features two large showrooms, an additional loft area, open work spaces, and a warehouse section equipped with two overhead doors with electric openers. The layout includes three bathrooms, two of which are ADA accessible, plus a basement. Architectural and amenity details include a classic barrel ceiling, hardwood flooring, a wet bar, and a fireplace. A showroom freight elevator supports moving between levels, and the main showroom includes an HVAC system.
The property sits on a hard corner approximately 700 feet from Hodgetown. Parking is available along Johnson, and an included parking lot supports customer and employee access. The front of the building includes retail glass windows and awnings, along with a glass overhead door. Exterior improvements from the 2020 remodel include painting, and roofing was addressed with a TPO roof sealed with a silicon coating.
For tenants or buyers looking for a flexible footprint that combines customer-facing space with functional loading capability, the combination of showrooms, office-style open areas, and warehouse bays with electric overhead doors is well suited to a range of service-oriented and light distribution concepts. ADA-accessible bathrooms, multiple levels served by a freight elevator, and dedicated parking further support everyday operations.
The property sits on a hard corner approximately 700 feet from Hodgetown. Parking is available along Johnson, and an included parking lot supports customer and employee access. The front of the building includes retail glass windows and awnings, along with a glass overhead door. Exterior improvements from the 2020 remodel include painting, and roofing was addressed with a TPO roof sealed with a silicon coating.
For tenants or buyers looking for a flexible footprint that combines customer-facing space with functional loading capability, the combination of showrooms, office-style open areas, and warehouse bays with electric overhead doors is well suited to a range of service-oriented and light distribution concepts. ADA-accessible bathrooms, multiple levels served by a freight elevator, and dedicated parking further support everyday operations.
Key Highlights
- Remodeled in 2020 with updated features including two ADA bathrooms, plumbing, retail glass windows, and HVAC system.
- Flexible retail/office/warehouse space in a unique downtown building.
- Located just 700' from Hodgetown, a desirable location.
Local Financial Insights For Industrial
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 | $92.7k | $9.00 |
| − Vacancy | −$4.2k | −$0.41 |
| EGI | $88.5k | $8.59 |
| − OpEx | −$26.6k | −$2.58 |
| NOI | $62.0k | $6.02 |
10,300 SF · lease $9.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.42M
$1.24M – $1.66M
NOI $99,498 @ 7.0% cap · market cap 14.42%
Second Best
Warehouse
$1.15M
$1.01M – $1.34M
NOI $80,686 @ 7.0% cap · market cap 11.69%
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $160,977 @ 7.0% cap · market cap 23.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Amarillo Bail Bond
Law Firm
Central Bail Bonds ...
Law Firm
Kimmi McCarrell Realtor
Real Estate Agency
Sam Martinez Realtor
Real Estate Agency
ANDALE BAIL BONDS
Law Firm
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FAQs
What type of property is this?
Flex space - Remodeled flex building with showrooms, warehouse space, and two electric overhead doors for mixed retail and office use.
Where is this flex space located?
The property is located at 701 SE 10TH Avenue Amarillo, TX.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Remodeled in 2020 with updated features including two ADA bathrooms, plumbing, retail glass windows, and HVAC system.; Flexible retail/office/warehouse space in a unique downtown building.; Located just 700' from Hodgetown, a desirable location.
