1511 Quarter Horse Dr Amarillo, TX 79104
This exceptional Amarillo retail opportunity encompasses a 2,478 square foot commercial building situated on three combined lots totaling 50,212 square feet. Built in 1970, the single-story structure is zoned 0300 - NE Amarillo in City Limits and presents a compelling investment prospect. The asking price is $750,000, translating to $302.66 per square foot. The property's strategic location just off I-40 and the intersection of Nelson and Quarter Horse Drive ensures high visibility and accessibility, benefiting from substantial traffic volume. Its proximity to several hotels and the Quarter Horse Association further enhances its appeal. The seller is motivated and will consider seller financing with a 30% down payment. This presents a unique chance to acquire three separate parcels with a pre-existing building, ideal for a variety of commercial uses. Note that all three lots must be purchased together. Each lot has its own property tax ID. This is a rare opportunity to own a well-positioned retail property in a high-traffic area of Amarillo, Texas.
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 4-10-82 in a GR General Retail District. Where either this designation of an open storage activity or another designation might apply, the more…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
GR · 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 4-10-82 in a GR General Retail District. Where either this designation of an open storage activity or another designation might apply, the more restrictive shall govern. (89) Secondhand Merchandise Dealers or Storage: The keeping, handling, storage or use of furniture, appliances and/or other merchandise or goods for sale or display. "Secondhand merchandise" is defined as an item which has previously been sold at the wholesale or retail level or previously used by an individual or business. Except in an I-2 Zoning District, any outdoor storage or display of such merchandise shall require visual screening to the standards set out in
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
