Entity Owned 
For Lease
1 / 40
Property summary
This four-story, 31,383-square-foot Class B office building in Amarillo, Texas, presents a compelling value-add investment opportunity. Located at 101 SE 11th Ave, in Potter County, zip code 79101, this multi-tenant property boasts a prime downtown location within an Opportunity Zone, offering significant tax advantages. Built in 1926 and renovated in 2000, the building currently has 19.93% occupancy, with approximately 25,130 square feet of vacant space available for lease. The asking price is $4,500,000, translating to $143.39 per square foot. Currently, the owner occupies 4,262 square feet, and a law firm occupies an additional 1,991 square feet. The property's strategic location offers easy access to Interstates 27 and 40, enhancing its appeal to potential tenants. An adjacent 0.95-acre parcel is also available for development or sale, further increasing the investment potential. This property offers investors the chance to capitalize on Amarillo's growing commercial real estate market by leasing up the significant vacant space and potentially developing the adjacent land. The vibrant downtown Amarillo business district provides numerous amenities, making it an attractive location for businesses and employees.
Property profile
VerifiedCap rate & NOI
Current use
-
Propane Supplier
-
Photography Service (Bike/Boat/Book/etc) Store
-
Gas Company
-
Corporate Office
-
Telecommunications Service Tech Support Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
remelting purposes, which is located in the A, GR, LC, CB, HC, I-1 and PD Zoning Districts. It also does not include the incidental outdoor display of commodities for retail sale where the use is permitted by section 4-1…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CB · Amarillo, TXremelting purposes, which is located in the A, GR, LC, CB, HC, I-1 and PD Zoning Districts. It also does not include the incidental outdoor display of commodities for retail sale where the use is permitted by section 4-1…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
remelting purposes, which is located in the A, GR, LC, CB, HC, I-1 and PD Zoning Districts. It also does not include the incidental outdoor display of commodities for retail sale where the use is permitted by section 4-1…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CB in Amarillo, TX.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
