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    2803 Civic Cir Amarillo, TX 79109

    Sponsored
    For Lease
    $11 SF/Yr

    Prime Amarillo retail space, multiple units available.

    Lot size:
    31,179 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail investment opportunity is located at 2803 Civic Cir, Amarillo, TX 79109, within the well-established Civic Circle Shopping Center. The property, built in 1960 and zoned GR, offers a total of 31,179 square feet of retail space. Currently, there are multiple units available, with a minimum divisible space of 5,040 square feet and a maximum contiguous space of 5,450 square feet. A significant 10,490 square feet is currently vacant, presenting a prime opportunity for expansion or new tenants. The center enjoys a strong tenant mix, including a pizzeria, appliance and service center, hair salon, and consignment boutiques, indicating a healthy and established retail environment. The property's location in Amarillo, Potter County, places it near one of the city's most affluent neighborhoods, ensuring high visibility and foot traffic. This presents a unique chance to acquire a well-positioned retail property in a thriving Amarillo location. The property's size and layout offer flexibility for a variety of retail uses, making it an attractive investment for both established businesses and new ventures. The existing tenant base provides a solid foundation for future growth and profitability. This is a rare opportunity to acquire a significant retail presence in a desirable Amarillo location.

    Property Features for 2803 Civic Cir

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    31,179 SF
    Total Rate
    28580.75

    Building Details

    Year Built
    1960

    Unit(s) available at that property

    Space
    2817 Civic Circle
    Size
    2,310 SF
    Rate per SF
    $12
    Space
    2821
    Size
    5,040 SF
    Rate per SF
    $11

    HighLights

    • Prime Amarillo location, central city.
    • One block south of I‑40, excellent highway access.
    • Monument signage for high visibility.
    • Abundant on‑site parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    575 Pizzeria Pizza Restaurant E'FA Attic Insulation ... Roofing Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon 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
    -101.868968
    Latitude
    35.1910567

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Amarillo retail space, multiple units available.
    Where is this neighborhood center located?
    The property is located at 2803 Civic Cir Amarillo, TX.
    What is the lease rate?
    The lease rate is $11-$12 SF/Yr.
    What are key features of this property?
    This property features: Prime Amarillo location, central city.; One block south of I-40, excellent highway access.; Monument signage for high visibility.
    Request Owner's contact information
    2803 Civic Cir Amarillo, TX 79109
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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
    2803 Civic Cir Amarillo, TX 79109
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