100 W Westgate Pkwy, Amarillo, TX 79121
- Retail space
- 14,461 SF
- 1.37 lot acres
Current Use by Public Records
- Barnes Jewelry / (Bike/Boat/Book/etc) Store
Property Details for 100 W Westgate Pkwy
- Year built
- 1989
- Lot size
- 1.37 lot acres
- Zone code
- PD
- Property type
- Retail space
- APN
- R-086-1580-3070
- APU
- R08615803070
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 17, 2019 | — | Barnes Jewelry LLC | Ftk Properties LP | Grant Deed | $2.5M · Ftk Properties LP |
| Sep 21, 2005 | — | Ftk Properties LP | Furniture Row USA LLC | Venders Lien | $961k · Happy State Bank |
| — | — | Ftk Properties LP | — | Deed Of Trust · related | $1.3M · Happy States Bank |
| — | — | Ftk Properties | — | Deed Of Trust · related | $1.8M · Happy States Bank |
Description
This exceptional 14,461 square foot retail property presents a unique investment or leasing opportunity. Located on Westgate Parkway, this single-tenant building boasts a highly desirable location near Interstate 40 and Westgate Mall, ensuring high visibility and significant foot traffic. The property features two convenient front entrances, providing easy access for customers. Ample parking is available, enhancing the convenience for both employees and patrons. Inside, the building offers 11 well-appointed offices, four bathrooms, and multiple storage rooms, providing versatile space for a variety of business needs. The property benefits from a well-maintained HVAC system for climate control, a recently replaced hot water heater (2021), and a newer roof (2017), minimizing maintenance concerns. Its strategic location near popular national retailers such as Target and Best Buy further enhances its appeal and potential for success. This property is ideally suited for a business seeking a prominent presence in a thriving commercial area with excellent accessibility and high traffic counts. The combination of its prime location, modern amenities, and functional layout makes this an exceptional opportunity for growth and profitability. This is a rare chance to acquire a well-maintained, high-traffic retail space in a sought-after location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,330,000
- 6.5%
- $2,150,000
- 7%
- $1,995,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,201,000
Market price range: $606k - $2.20M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,360,000 Current use
- COMMERCIAL (GENERAL)
- $2,370,000 Change: +74% Conversion: Easy
- RESTAURANT
- $1,735,000 Change: +28% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,505,000 Change: +11% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Potter
- State
- Texas
- Longitude
- -101.933
- Latitude
- 35.1853
- CBSA code
- 11100
- CBSA name
- AMARILLO, TX METROPOLITAN STATISTICAL AREA
