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    550 Buchanan St Amarillo, TX 79101

    For Lease
    $22 SF/Yr

    Prime location, Class A, former restaurant.

    Lot size:
    3,848 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 2016-built, Class "A" former restaurant space presents a unique opportunity for a discerning restaurateur. Located in the vibrant heart of downtown Amarillo, this single-tenancy property boasts an enviable position adjacent to the Embassy Suites Convention Hotel, ensuring high foot traffic and visibility. Its strategic location directly across the street from Hodgetown Stadium further enhances its appeal, capitalizing on the significant influx of patrons attending sporting events and other stadium activities. The property's proximity to the Amarillo Civic Center also provides convenient access to a large pool of potential customers attending conventions, concerts, and other events. The space offers significant advantages for a variety of restaurant concepts. Fixtures, furniture, and equipment (FF&E) are negotiable, subject to terms and conditions, providing flexibility for potential buyers to customize the space to their specific needs and vision. This prime location, combined with its modern construction and convenient access to major attractions, makes this property an exceptional investment opportunity in a thriving downtown area. The property is situated in Potter County.

    Property Features for 550 Buchanan St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,848 SF

    Building Details

    Year Built
    2016

    Unit(s) available at that property

    Space
    Size
    3,848 SF
    Rate per SF
    $22

    HighLights

    • Class A former restaurant space available for lease.
    • Located in downtown Amarillo, Texas.
    • Adjacent to the Embassy Suites Convention Hotel.
    • Directly across from Hodgetown Stadium.
    • Walking distance to the Amarillo Civic Center.
    • Furniture, fixtures, and equipment (FF&E) are negotiable.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Embassy Suites by ... Hotel Embassy Suites by ... Parking Lot Cerulean Gallery Art Gallery Towne Park Amarillo Valet Parking Service Texas Tech School ... College

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.83196435242
    Latitude
    35.207067376591

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    FAQs

    What type of property is this?
    Restaurant - Prime location, Class A, former restaurant.
    Where is this restaurant located?
    The property is located at 550 Buchanan St Amarillo, TX.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Class A former restaurant space available for lease.; Located in downtown Amarillo, Texas.; Adjacent to the Embassy Suites Convention Hotel.
    Request Owner's contact information
    550 Buchanan St Amarillo, TX 79101
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    Amarillo, TX 79101
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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
    550 Buchanan St Amarillo, TX 79101
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