920 Amarillo Tx, Amarillo, TX 79118
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.