716 Polk St Amarillo, TX 79107
This exceptional 4,850 square foot commercial property is ideally situated in downtown Amarillo, Texas, at 716 N Polk St, zip code 79107. Its prime location offers high visibility, being conveniently located near the intersection of 7th and Taylor streets and adjacent to other medical facilities. The property boasts 15 designated parking spaces, providing ample convenience for employees and patients. Previously used as a children's medical clinic, this versatile space is well-suited for various medical practices or general office use. The layout includes a welcoming lobby and waiting area, multiple offices, and exam rooms, offering flexibility for customization to meet specific business needs. The property's adaptability makes it an attractive option for medical professionals seeking a new location or businesses requiring a prominent downtown presence. A significant advantage is its proximity to a major redevelopment project: a $30 million transformation of St. Anthony's hospital across the street, creating 124 senior living units within 565,000 square feet (completion expected Fall 2024). This ongoing development promises increased foot traffic and community growth in the area. The landlord is open to negotiating the rental rate per square foot, making this a compelling opportunity for prospective tenants. The property is a single-tenant space, offering exclusive use of the entire building.
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Margaret A Walsh Md Pediatrician Medical Clinic
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Wright Family Medical Pediatrics Pediatrician Medical Clinic
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Walsh Meganne MD Pediatrician Medical Clinic
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Nicole Wright Physician
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.