Property profile

2500 Folsom Rd Amarillo, TX 79108

FOR SALE
Turn key restaurants
Property ID
US82-0338112
4,524 SF 0.52 ac lot Built 1994
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 4,524-square-foot mixed-use property in Amarillo, Texas, presents a compelling investment opportunity. Located at 2500 Folsom Rd, in Potter County, zip code 79108, this 2010-built building sits on a spacious 22,651-square-foot lot, zoned GR - General Retail. Its convenient location just north of Highway 60 offers easy access to I-40, Rick Husband Amarillo International Airport, the Amazon distribution center, the new Buc-ee's, and Route 66 Motor Speedway, while remaining outside the bustling city center. Previously utilized as a daycare and event center, the adaptable layout caters to diverse commercial or community uses. The building boasts a fully equipped kitchen featuring a vent hood and potential for a grease trap, ADA-compliant restrooms, and a fire suppression system for enhanced safety. A fenced yard and ample front parking add to its functionality. The asking price is $452,400. This property's versatility, prime location, and existing infrastructure make it an ideal investment for a savvy buyer seeking a high-return opportunity in a rapidly growing area. The property's size and zoning allow for a variety of uses, including but not limited to daycare, restaurant, and storefront retail.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1994
Total area 4,524 SF
Lot 0.52 ac (22,651 SF)
Zoning code GR
APN R-022-2050-0355
UPID US82-0338112

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2500 Folsom Rd Amarillo, TX 79108
Amarillo metro Census 14401 AMARILLO, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2022
Price N/A
2007
Price N/A

Zoning & alternative use

GR · Amarillo, TX
Zoning description

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…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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