117 Pierce St Amarillo, TX 79101
- Manufacturing properties
- 68,000 SF
- 1.72 lot acres
Current Use by Public Records
- Manufacturing properties
Property Details for 117 Pierce St
- Year built
- 1922
- Lot size
- 1.72 lot acres
- Property size
- 68,000 SF
- Property type
- Manufacturing properties
- Property subtype
- Flex space
Description
This Amarillo, Texas industrial property presents a unique redevelopment opportunity. Located in a designated Opportunity Zone, Qualified Census Tract (QCT), and city Tax Increment Reinvestment Zone (TIRZ), this 1.72-acre site offers significant potential. The property encompasses two buildings totaling 68,000 square feet, constructed in 1922 and 1963. The main building, approximately 56,000 square feet, features two to three stories and a large freight elevator. While much of the interior has been finished as office space, it is adaptable to various uses. Additional structures, totaling 12,000 square feet, were added in 1983 and 2005 and are currently configured as residential dormitory space. The property includes an internal driveway, one loading dock, and two dock-high doors. The zoning is I-1 Light Industrial, and the asking price is $1,950,000 ($28.68/sq ft, $975,000/unit). The low ceiling heights should be considered in redevelopment plans. This vacant property is situated on a full city block in Amarillo's north downtown area, offering excellent street access.
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
- Potter
- State
- Texas
- Longitude
- -101.83167237468
- Latitude
- 35.21119858595
