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6636 Canyon Dr Amarillo, TX 79109

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For Sale
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Multi-tenant warehouse, 5.39% cap rate.

Property Features for 6636 Canyon Dr

General Information

Property type
Distribution centers
Class
C
Lot Size
98,010 SF

Building Details

Buildings
3
Stories
1

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Listing Contact
Bobby Tyler
Bobby Tyler

Listing Agent: Bobby Tyler

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Property Insight Report

Overview

This exceptional Amarillo, Texas investment opportunity presents a stabilized, multi-tenant warehouse complex totaling 17,700 net rentable square feet. The property, situated on a 2.25-acre lot at 6636 Canyon Drive, boasts a prime location with easy access to I-27, featuring 130 feet of frontage and two entries off Canyon Drive. The complex comprises three buildings constructed in 1963, 1964, and 2020, offering a mix of established and newer structures. Currently 100% occupied by three tenants under a modified lease with a remaining term of approximately 1.7 years (expiring July 31, 2026, with lease commencement August 1, 2023), generating a strong net operating income (NOI) of $48,536 and a 5.39% capitalization rate. Key features include a loading dock, one dock-high door, a newer six-bay shop with 15 feet of surrounding concrete, a newer electric gate, a security system, a steel fence, and updated office space with central heating and air conditioning. A nearby lavatory complements the office. Significant advertising potential is offered by a double-sided digital 10x20 billboard and a lighted 10x20 billboard. The property also benefits from separate electric meters for each tenant and ample yard space. The property is classified as Class C industrial and is offered at an asking price of $900,000. The property is not subject to a ground lease. APN: 213170.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Distribution centers

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

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  • Local Demand
City
Amarillo
County
Randall
State
Texas
Longitude
-101.8963134
Latitude
35.1376421

FAQs

What type of property is this?
Distribution center - Multi-tenant warehouse, 5.39% cap rate.
Where is this distribution center located?
The property is located at 6636 Canyon Dr Amarillo, TX.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 17,700 SF multi-tenant warehouse complex on a 2.25-acre lot in Amarillo, TX, with excellent I-27 access.; Prime location with 130' of frontage and dual Canyon Drive entries.; Three buildings (1963, 1964, 2020) with a mix of newer and established structures.
(806) 676-7709 Call to check price and availability
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