Multi-Bay Shop with Live-Work
For Sale
$225,000
707 S Arthur Street, Amarillo, TX 79102
COMMERCIAL - Amarillo, TX
Property Size2,460 SF
Price / SF$91.46
Days on Market59
Property Features for 707 S Arthur Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
0300 - NE Amarillo in City Limits
Parking features
Parking Lot, Garage
Directions
Left of Arthur from 10th. Property will be on the right
Subdivision
0300 - Santa Fe Station
Standard status
Active
APN
212805
Size
2,460 SF
Taxes and HOA fees
Tax Description
MIRROR'S ADDN, LOT 007, BLK 0381
Legal Description
MIRROR'S ADDN, LOT 007, BLK 0381
Building Details
Year built
1967
Building materials
Block
Listing Agency:
Keller Williams Realty Amarillo
(806) 359-4000
Listed By:
April Bell · License #0653918
(806) 359-4000
Added: Jun 2
Changed: Jul 28
Last Checked: Jul 30 at 11:06PM
MLS# 26-1442
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 property combines a functional 5-bay shop with a small on-site residence, creating a versatile setup for automotive, light industrial, or live-work use. The shop includes one bay suited for a paint booth, newer garage door openers, updated electrical outlets, a large compressor, and a shop heater. An additional convenience is a newer half bath located inside the workspace. The bay doors are 8 feet tall and 10 feet wide, supporting a range of equipment and vehicle access. For site security, the property is secured with fencing and hot wire protection.
Located at 707 S Arthur Street in Amarillo, Texas 79102, the offering also includes a 1 bed, 1 bath home with a newer roof, along with a separate single-car garage. This combination allows operators to house staff, store materials, or manage day-to-day work without leaving the property.
The layout lends itself to owner-operators looking for space to run a service business while keeping a comfortable option to live on-site. The shop improvements and vehicle-access door sizes can support hands-on work, storage, and equipment staging, while the additional home provides flexibility for a caretaker, tenant-in-place, or extended live-work arrangements.
Located at 707 S Arthur Street in Amarillo, Texas 79102, the offering also includes a 1 bed, 1 bath home with a newer roof, along with a separate single-car garage. This combination allows operators to house staff, store materials, or manage day-to-day work without leaving the property.
The layout lends itself to owner-operators looking for space to run a service business while keeping a comfortable option to live on-site. The shop improvements and vehicle-access door sizes can support hands-on work, storage, and equipment staging, while the additional home provides flexibility for a caretaker, tenant-in-place, or extended live-work arrangements.
Key Highlights
- 5‑bay shop includes one bay suitable for a paint booth and has 8‑ft tall by 10‑ft wide doors
- Shop improvements include newer garage door openers, updated electrical outlets, a large compressor, and a shop heater
- Includes a newer half bath inside the shop workspace
Financial Insights For Flex RnD
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 | $29.5k | $12.00 |
| − Vacancy | −$2.4k | −$0.96 |
| EGI | $27.2k | $11.04 |
| − OpEx | −$9.5k | −$3.86 |
| NOI | $17.7k | $7.18 |
2,460 SF · lease $12.00/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$403.3K
$352.9K – $470.5K
NOI $28,229 @ 7.0% cap · market cap 12.55%
Second Best
Mixed Use
$379.5K
$332.1K – $442.8K
NOI $26,568 @ 7.0% cap · market cap 11.81%
Theoretical Best
Office A
$549.2K
$480.6K – $640.8K
NOI $38,447 @ 7.0% cap · market cap 17.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Service bays
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,212
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79102, TX
9,252
Population
4,695
Households
2
Avg Household Size
35
Median Age
20%
College-Educated
78%
High-School Grad
2.7 sq mi
ZIP Area
3,427
Density / Sq Mi
$48,551
Median Household Income
$34,911
Median Earnings
$891
Median Rent
$146,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- KFC Catering — 1510 Ross St, Amarillo, TX 79102
Frequently Asked Questions
What type of property is this?
Flex space - A secured 5-bay shop with office-ready amenities plus a 1-bed, 1-bath home and separate single-car garage.
Where is this flex space located?
The property is located at 707 S Arthur Street Amarillo, TX.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 5‑bay shop includes one bay suitable for a paint booth and has 8‑ft tall by 10‑ft wide doors; Shop improvements include newer garage door openers, updated electrical outlets, a large compressor, and a shop heater; Includes a newer half bath inside the shop workspace
