216 Lipscomb St Amarillo, TX 79106-8413
This exceptional 5,682 square foot flex space in Amarillo, Texas, presents a unique owner-user investment opportunity. Located at 216 S Lipscomb St, 79106, in Potter County, this Class C property boasts a desirable I-1 zoning, allowing for diverse uses including light manufacturing, fabrication, plumbing shops, or contractor storage/equipment yards. Originally built in 1954 and extensively renovated in 2022, the building features a fresh coat of paint, new flooring, and a significantly upgraded HVAC system (10 tons of new capacity). Two ADA-compliant restrooms enhance accessibility. The property sits on an 8,712 square foot lot and includes a gated parking lot and storage yard, recently seal-coated and striped for improved functionality and aesthetics. The asking price is $319,000, offering a compelling value proposition for a versatile and well-maintained industrial/office space. The fee simple ownership provides complete control and long-term investment potential. The property's APN is 214655.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I1 · Amarillo, TXAmarillo. Always verify with local authorities before improvements.
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.