1515 3Rd Ave Amarillo, TX 79107
This exceptional industrial property, located at 1515 NE 3rd Ave in Amarillo, Texas, presents a compelling investment opportunity. The warehouse boasts a total area of 9,708 square feet, encompassing 8,236 square feet of warehouse space and 1,472 square feet of office space. The property sits on a generous 3.02-acre lot, providing ample outdoor storage space within a fully fenced yard. The warehouse features eight dock-high doors, enhancing operational efficiency. Two of these doors are conveniently covered, offering protection from the elements during loading and unloading. All dock doors are equipped with levelers. Detailed door dimensions are available upon request. The property is currently vacant and zoned Industrial 1, making it suitable for a variety of industrial uses. The asking price is $375,000, translating to $38.63 per square foot. This represents a significant opportunity to acquire a well-located, functional warehouse in a thriving Texas market. The property's size, features, and location make it an ideal choice for businesses seeking efficient and secure warehouse space in Amarillo.
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
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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.