6636 Canyon Dr Amarillo, TX 79109
- Auto shops
- 2,800 SF
- 2.24 lot acres
Current Use by Public Records
- Auto shops
Property Details for 6636 Canyon Dr
- Year built
- 1993
- Lot size
- 2.24 lot acres
- Property size
- 2,800 SF
- Zone code
- HC
- Property type
- Auto shops
- APN
- R-370-0050-5900
- APU
- R37000505900
Description
This exceptional Amarillo, Texas investment opportunity presents a stabilized, multi-tenant warehouse complex totaling 17,700 net rentable square feet. The property, situated on a 2.25-acre lot at 6636 Canyon Drive, boasts a prime location with easy access to I-27, featuring 130 feet of frontage and two entries off Canyon Drive. The complex comprises three buildings constructed in 1963, 1964, and 2020, offering a mix of established and newer structures. Currently 100% occupied by three tenants under a modified lease with a remaining term of approximately 1.7 years (expiring July 31, 2026, with lease commencement August 1, 2023), generating a strong net operating income (NOI) of $48,536 and a 5.39% capitalization rate. Key features include a loading dock, one dock-high door, a newer six-bay shop with 15 feet of surrounding concrete, a newer electric gate, a security system, a steel fence, and updated office space with central heating and air conditioning. A nearby lavatory complements the office. Significant advertising potential is offered by a double-sided digital 10x20 billboard and a lighted 10x20 billboard. The property also benefits from separate electric meters for each tenant and ample yard space. The property is classified as Class C industrial and is offered at an asking price of $900,000. The property is not subject to a ground lease. APN: 213170.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Randall
- State
- Texas
- Longitude
- -101.896
- Latitude
- 35.1377
- CBSA code
- 11100
- CBSA name
- AMARILLO, TX METROPOLITAN STATISTICAL AREA
