Property summary
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 profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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