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    1515 3Rd Ave Amarillo, TX 79107

    For Sale
    $375,000

    Prime Amarillo warehouse, 9,708 SF, 8 docks.

    Property size:
    9,708 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional industrial property, located at 1515 NE 3rd Ave in Amarillo, Texas, presents a compelling investment opportunity. The warehouse boasts a total area of 9,708 square feet, encompassing 8,236 square feet of warehouse space and 1,472 square feet of office space. The property sits on a generous 3.02-acre lot, providing ample outdoor storage space within a fully fenced yard. The warehouse features eight dock-high doors, enhancing operational efficiency. Two of these doors are conveniently covered, offering protection from the elements during loading and unloading. All dock doors are equipped with levelers. Detailed door dimensions are available upon request. The property is currently vacant and zoned Industrial 1, making it suitable for a variety of industrial uses. The asking price is $375,000, translating to $38.63 per square foot. This represents a significant opportunity to acquire a well-located, functional warehouse in a thriving Texas market. The property's size, features, and location make it an ideal choice for businesses seeking efficient and secure warehouse space in Amarillo.

    Property Features for 1515 3Rd Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    9,708 SF
    Lot Size
    131,551 SF

    HighLights

    • $375,000 asking price for this vacant industrial warehouse.
    • 9,708 square feet with 8 dock‑high doors.
    • Located on a 3.02‑acre lot in Amarillo, TX.
    • Features 8,236 SF of warehouse space and 1,472 SF of office space.
    • Zoned Industrial 1.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.81722523
    Latitude
    35.21355514

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    FAQs

    What type of property is this?
    Distribution property - Prime Amarillo warehouse, 9,708 SF, 8 docks.
    Where is this distribution property located?
    The property is located at 1515 3Rd Ave Amarillo, TX.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: $375,000 asking price for this vacant industrial warehouse.; 9,708 square feet with 8 dock-high doors.; Located on a 3.02-acre lot in Amarillo, TX.
    Request Owner's contact information
    1515 3Rd Ave Amarillo, TX 79107
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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 3Rd Ave Amarillo, TX 79107
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