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    1701 Avondale St Amarillo, TX 79106

    For Lease
    $8 SF/Yr

    Amarillo, TX Strip Center - High Visibility

    Lot size:
    60,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    Avondale Center, located at 1701 S Avondale St, Amarillo, TX 79106, presents a prime retail opportunity in a thriving area. This 60,250 square foot strip center, built in 1962 and extensively renovated in 2022, sits on a 4.53-acre lot and boasts a highly visible location at the prominent intersection of South Avondale and Plains Boulevard. Its strategic placement, just a quarter-mile north of Interstate 40, ensures exceptional exposure to a large volume of traffic. The center is zoned for General Retail use and offers multiple tenancy options. Currently, there are several spaces available, ranging from a minimum of 1,920 square feet to a maximum contiguous space of 14,227 square feet. A significant 21,852 square feet of space is currently vacant, providing flexibility for businesses of various sizes. This property offers an excellent chance to establish or expand a retail presence in a well-established and easily accessible location within Potter County. The recent renovations ensure modern amenities and a well-maintained property, making it an attractive option for discerning tenants. The property's size and location make it ideal for a variety of retail uses.

    Property Features for 1701 Avondale St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    60,250 SF
    Total Rate
    42677.08

    Building Details

    Year Built/Renovated
    1962/2022

    Unit(s) available at that property

    Space
    Suite 1703
    Size
    2,905 SF
    Rate per SF
    $8
    Space
    Suite 1705
    Size
    2,800 SF
    Rate per SF
    $8
    Space
    Suite 1739-1745
    Size
    14,227 SF
    Rate per SF
    $8
    Space
    Suite 1759
    Size
    1,920 SF
    Rate per SF
    $8

    HighLights

    • Neighborhood retail center in Amarillo, TX with competitive lease rates.
    • Lease rate: $8.50/SF + $2.67/SF NNN (taxes, insurance, CAM).
    • Renovated in 2022 with new flooring, paint, and restrooms in several suites.
    • Flexible space options; suites combinable up to 16,147 SF.
    • One suite accommodates approximately 145 people.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.89338577
    Latitude
    35.1953089

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    FAQs

    What type of property is this?
    Neighborhood center - Amarillo, TX Strip Center - High Visibility
    Where is this neighborhood center located?
    The property is located at 1701 Avondale St Amarillo, TX.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Neighborhood retail center in Amarillo, TX with competitive lease rates.; Lease rate: $8.50/SF + $2.67/SF NNN (taxes, insurance, CAM).; Renovated in 2022 with new flooring, paint, and restrooms in several suites.
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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
    1701 Avondale St Amarillo, TX 79106
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