Property profile

920 Amarillo Tx Amarillo, TX 79118

OFF-MARKET
Retail properties & Spaces
3,318 SF 2.51 ac lot Built 2012
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Property summary

AI-generated overview

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

Verified
Property type Retail properties & Spaces
Year built 2012
Total area 3,318 SF
Lot 2.51 ac (109,336 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

920 Amarillo Tx Amarillo, TX 79118
Amarillo metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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