Bar & Grill with Commercial
For Sale
Under Contract
$499,000
935 E FM 1151, Amarillo, TX 79118
Commercial Sale, Amarillo, TX
Property Size924 SF
Lot Size5.00 Acres
Price / SF$540.04
Days on Market102
Property Features for 935 E FM 1151
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
4000 - SE of Amarillo City Limits
Parking features
Parking Lot
Directions
Located on FM 1151 (Claude highway) between Osage and Washington
Subdivision
4999 - All Others Not Identified
Standard status
Active Under Contract
APN
SRM Ventures LLC
Size
924 SF
Lot size
5.00 Acres
Taxes and HOA fees
Tax Description
OSAGE ACRES # 1, LOT 020, BLK 0003, 5.0000 ACRES
Legal Description
OSAGE ACRES # 1, LOT 020, BLK 0003, 5.0000 ACRES
Utilities
Cooling system
Evaporative Cooling
Amenities
office space
shipping containers
Building Details
Year built
1978
Flooring type
Cone slab
Building materials
Metal Fab
Roof type
Metal
Listing Agency:
RockOne Realty, LLC
(806) 599-9900
Listed By:
Amarillo Team · License #9012340
(806) 599-9900
Added: May 14
Changed: Aug 19
Last Checked: Aug 23 at 5:06PM
MLS# 26-1715
Copyright © 2026 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property is a commercial opportunity currently operating as the well-known “Lone Star Bar & Grill.” The site is also described as including an additional rental office space and three shipping containers, and it is positioned for potential redevelopment or expansion given the available land.
Located at 935 E FM 1151 in Amarillo, Texas, the property is marketed as having excellent highway frontage on FM-1151 (Claude Highway), supporting visibility and accessibility from the roadway.
The listing is presented as a 5-acre commercial site and emphasizes a flexible, land-based setup suitable for future commercial development plans, along with the benefit of income-producing improvements already on-site.
Located at 935 E FM 1151 in Amarillo, Texas, the property is marketed as having excellent highway frontage on FM-1151 (Claude Highway), supporting visibility and accessibility from the roadway.
The listing is presented as a 5-acre commercial site and emphasizes a flexible, land-based setup suitable for future commercial development plans, along with the benefit of income-producing improvements already on-site.
Key Highlights
- Prime 5‑Acre commercial property with highway frontage on FM‑1151.
- Currently operating as the ''Lone Star Bar & Grill'' with established history.
- High visibility and accessibility.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79118, TX
27,608
Population
11,116
Households
2.5
Avg Household Size
35
Median Age
25%
College-Educated
92%
High-School Grad
159.4 sq mi
ZIP Area
173
Density / Sq Mi
$87,011
Median Household Income
$44,141
Median Earnings
$1,328
Median Rent
$224,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bar & Pub - Currently operating as Lone Star Bar & Grill with highway frontage on FM-1151 and an additional rental office plus three shipping containers.
Where is this bar & pub located?
The property is located at 935 E FM 1151 Amarillo, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Prime 5‑Acre commercial property with highway frontage on FM‑1151.; Currently operating as the ''Lone Star Bar & Grill'' with established history.; High visibility and accessibility.
