801 Grant St Amarillo, TX 79101
- Distribution centers
- 21,739 SF
- 0.19 lot acres
Current Use by Public Records
- PGW Auto Glass / Auto Glass Shop
Property Details for 801 Grant St
- Year built
- 1937
- Lot size
- 0.19 lot acres
- Property size
- 21,739 SF
- Zone code
- I1
- Property type
- Distribution centers
- APN
- R-048-0400-3671
- APU
- R04804003671
Description
This exceptional Class A retail investment opportunity presents a 21,739-square-foot auto shop located at 801 S Grant St, Amarillo, Texas, 79101. The property sits on a 25,078-square-foot lot and boasts a strong asking price of $1,499,000, translating to $68.95 per square foot. Built in 1937, the building is zoned I1 and currently sits vacant, offering a blank canvas for a new tenant or immediate occupancy for an owner-operator. The property's strong financial performance is highlighted by a 6.00% cap rate and a net operating income (NOI) of $90,000. A significant advantage is the potential for a seven-year lease with Pittsburgh Glass Works (PGW), a leading supplier of auto glass and shop accessories with a vast distribution network across the US and Canada. This presents a compelling opportunity for investors seeking a core investment in a prime Amarillo location with a strong potential for long-term rental income and appreciation. The property's strategic location in Potter County offers excellent visibility and accessibility. This is a rare chance to acquire a well-situated, high-performing asset in a thriving market.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $515,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Potter
- State
- Texas
- Longitude
- -101.828
- Latitude
- 35.204
- CBSA code
- 11100
- CBSA name
- AMARILLO, TX METROPOLITAN STATISTICAL AREA
