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    1515 Garfield St Amarillo, TX 79102

    Sponsored
    For Sale
    $325,000

    Versatile warehouse, ideal location, great potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 1515 S Garfield St, Amarillo, TX 79102, presents a unique investment opportunity. Situated on a sizable 17,500 square foot lot (.4 acres) in Potter County, this warehouse boasts a strategic location near I-40 and downtown Amarillo, within an Opportunity Zone (see documents for NEZ2 details). The property features a heated and cooled interior encompassing an entrance area, two private offices, a shared workspace, a break room, a meeting room, and two bathrooms, along with an open call area. The warehouse itself is insulated and includes two twelve-foot roll-up doors and two standard man doors, offering excellent access for loading and unloading. Ceiling heights range from 11 to 15 feet, providing ample vertical space. The flexible layout is adaptable to a wide range of commercial uses. Its proximity to downtown Amarillo ensures convenient access to the city's amenities and business district. The property is zoned for commercial use, offering significant potential for expansion or modification to suit specific business needs. Whether you envision expanding the existing structure, adding additional buildings, or utilizing the ample yard space, this property offers considerable flexibility and growth potential. The asking price is $325,000.

    Property Features for 1515 Garfield St

    General Information

    Property type
    Distribution properties

    HighLights

    • $325,000 asking price for this Amarillo, TX warehouse.
    • 17,500 square foot lot in Potter County.
    • Commercial zoning.
    • 11‑15 foot ceiling height.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.8273873
    Latitude
    35.1962332

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    FAQs

    What type of property is this?
    Distribution property - Versatile warehouse, ideal location, great potential.
    Where is this distribution property located?
    The property is located at 1515 Garfield St Amarillo, TX.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: $325,000 asking price for this Amarillo, TX warehouse.; 17,500 square foot lot in Potter County.; Commercial zoning.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1515 Garfield St Amarillo, TX 79102
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