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    920 Amarillo Tx Amarillo, TX 79118

    For Sale
    $437,342

    Free-standing retail building, 3,318 sq ft.

    Property size:
    3,318 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 3,318 square foot free-standing retail building, situated on a 2.51-acre lot in Amarillo, Texas, presents a compelling investment opportunity. Built in 2012, the property boasts a prime location at the northeast corner of Washington (FM 1541) and Claude Highway (FM 1151), ensuring high visibility and accessibility. The existing structure, formerly a convenience store, offers significant potential for a variety of retail uses. The property includes a well and septic system. A drive-through option is also a possibility. The asking price is $437,342, translating to $131.81 per square foot. The permitted zoning is OCL. Please note that restrictive covenants prohibit the sale of car wash services, oil change services, motor vehicle lubrication services, check cashing services, grocery items, beer or wine for off-premises consumption, tobacco products, lottery tickets, motor fuel, fountain drinks, or teas. These covenants are binding on all future owners. This property is ideal for an entrepreneur seeking a high-traffic location with ample space and development potential. The property's size and location make it a strong contender for a variety of retail businesses.

    Property Features for 920 Amarillo Tx

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,318 SF
    Lot Size
    109,336 SF

    Building Details

    Year Built
    2012

    HighLights

    • 3,318 SF freestanding retail building on a 2.51‑acre lot in Amarillo, TX.
    • Prime location at the intersection of Washington (FM 1541) & Claude Highway (FM 1151), offering high visibility.
    • Built in 2012, formerly a convenience store, with potential for various retail uses.
    • Features a well and septic system; drive‑through potential.
    • Asking price: $437,342 ($131.81/SF); OCL zoning.
    • Restrictive covenants prohibit specific uses (car wash, oil change, etc.); see listing for details.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Building Supply Wholesale Shop Restaurant Gym & Fitness Food Market Storage Facility Grocery Store Hotel & Motel Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.84786631151
    Latitude
    35.091604718683

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    FAQs

    What type of property is this?
    Individual retail property - Free-standing retail building, 3,318 sq ft.
    Where is this individual retail property located?
    The property is located at 920 Amarillo Tx Amarillo, TX.
    What is the asking price?
    The asking price for this property is $437,342.
    What are key features of this property?
    This property features: 3,318 SF freestanding retail building on a 2.51-acre lot in Amarillo, TX.; Prime location at the intersection of Washington (FM 1541) & Claude Highway (FM 1151), offering high visibility.; Built in 2012, formerly a convenience store, with potential for various retail uses.
    (806) 354-3500
    Request Owner's contact information
    920 Amarillo Tx Amarillo, TX 79118
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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
    920 Amarillo Tx Amarillo, TX 79118
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