305 S Williams St Amarillo, TX 79102
For Sale
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This exceptional commercial property located at 305 S Williams Street, Amarillo, TX, presents a unique investment opportunity. Priced at $590,000, this property boasts significant versatility and income potential. Situated on over half an acre of fenced land, just minutes from Downtown Amarillo, the property features a substantial warehouse, complemented by a smaller attached warehouse ideal for storage or operations. The main warehouse space is generously sized, offering ample room for a variety of commercial uses. In addition to the warehouse space, the property includes dedicated office spaces, providing a functional workspace for administrative needs or business operations. A notable feature is the inclusion of living quarters, perfectly suited for an Airbnb or similar short-term rental, offering an additional revenue stream. The property benefits from a recently installed brand new roof, ensuring long-term cost savings and peace of mind. Its prime location and diverse features make it suitable for a wide range of commercial ventures, including but not limited to an event center, various business operations, or office space. The combination of warehouse space, office areas, and living quarters provides a unique blend of functionality and income generation potential, making this an attractive investment opportunity in the thriving Amarillo market. The property's size and features make it a highly desirable asset for discerning investors seeking a versatile and profitable commercial property.
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Platinum Glass Auto Repair Shop (Bike/Boat/Book/etc) Store
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Kent Rogers Construction Inc Construction Company General Contractor
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North American Tires (Bike/Boat/Book/etc) Store Auto Parts Store
to a horse lot (private) located in A, HC, I-1 or I-2 Zoning Districts. Any area used for the keeping of horses under this chapter shall be fenced and shall exclude any area required as minimum Front Yard specified in the Zoning Ordinance of the City. (80) Stable (Private): Any Structure located within a horse lot (private) which is used for the sheltering,…
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
HC · Amarillo, TXto a horse lot (private) located in A, HC, I-1 or I-2 Zoning Districts. Any area used for the keeping of horses under this chapter shall be fenced and shall exclude any area required as minimum Front Yard specified in the Zoning Ordinance of the City. (80) Stable (Private): Any Structure located within a horse lot (private) which is used for the sheltering, quartering and feeding of Animals. (81) Veterinarian's Office Only (no hospital): A facility for the prevention, treatment, minor surgery, cure or alleviation of disease and/or injury in Animals, specifically Domestic Animals, with all care provided on an outpatient treatment basis only. No overnight boarding of Animals shall be allowed. (82) Flea Market: A collection or group of outdoor stalls, booths, tables or other similar arrangement, used by individual vendors, for the display and sale of various items of new or used personal property. (83) Laboratory, Manufacturing: Operations involving the compounding of products such as perfumes, pharmaceutical and the development and assembly of instruments and similar items. (84) Light Fabrication and Assembly Processes: Including the manufacture of clothing, jewelry, trimming decorations and any similar item not involving the generation of noise, odor, vibration, dust or hazard. (85) Mini-Storage Warehouse: A unified Development of leasable self-storage units built on the site, each unit not to exceed three hundred (300) square feet in Floor Area. No outside storage, no storage of explosives, flammable materials or materials emitting noxious odors shall be allowed. (86) New Building Materials Sales and/or Storage (Unscreened): The sale and/or storage of Building materials where a minimum of sixty (60) percent of the Building materials are new products which have not previously been used in the construction of, or as a part of, any Structure. (87) Outdoor Storage (Screened): The storage of any equipment or commodity, either as a primary use of land or as an Accessory Use, in an outdoor area which is enclosed by a fence, wall or other visual barrier which complies with the specifications of
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.
