3505 24th Ave Amarillo, TX 79107-6919
This exceptional single-tenant grocery store, located at 3505 NE 24th Ave, Amarillo, TX 79107, presents a compelling investment opportunity. Built in 1979 and renovated in 2010, the property boasts a substantial 57,775 square feet on a single story. Its strategic location at the intersection of Grand and NE 24th boasts high visibility and significant traffic, with a daily count of 20,000 vehicles. The property is zoned GR - General Retail, making it ideal for its current use or potential redevelopment. Situated in a densely populated residential area of Northeast Amarillo, this location benefits from strong local demand. The property taxes are $45,014.12 per square foot. This well-maintained building offers a stable income stream and significant potential for future growth within a thriving Amarillo neighborhood. The property's size and location make it an attractive investment for both seasoned and emerging investors seeking a strong return in a stable market. Further details are available upon request.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
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
GR · 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.