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Property profile & analytics
FOR SALE
Grocery and convenience stores

3601 NE 24Th Ave - B Amarillo, TX 79107

5,259 SF 1.76 ac lot Built 2022
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-4924677
Property summary
AI-generated overview

This exceptional 1.97-acre commercial land parcel is ideally situated in Amarillo, Texas, at 3601 NE 24th Ave - B, in Potter County, zip code 79107. The property boasts convenient access from both NE 24th Ave and a public alley, offering excellent cross-access potential. Its location is just north of the northeast corner of NE 24th Ave and N Grand St, ensuring high visibility and accessibility. The property is classified as Commercial, Retail land. The asking price is $214,533. Please note that restrictive covenants are in place, prohibiting the sale of car wash services, oil change services, motor vehicle lubrication services, check cashing services, grocery items, beer or wine for off-premises consumption, tobacco products, lottery tickets, motor fuel, fountain drinks, or teas. These covenants are binding on future owners. This prime location presents a unique opportunity for various commercial ventures, subject to the aforementioned restrictions. Further details are available at the provided link: http://properties.cbcamarillo.com/3601NE24thAve-B (Note: This link may not be functional).

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 2022
Total area 5,259 SF
Lot 1.76 ac (76,491 SF)
APN 300280
UPID US82-4924677
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Toot'n Totum Grocery & Convenience Store
  • Coin Cloud Bitcoin ATM Atm Currency Exchange Service
  • Affordable Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$960k
Comparable Approach Comparable
$845k
Blend (final) Blend
$900k
Owner & transaction history
Jamal Enterprises LP · 4 yrs held
Jamal Enterprises LP
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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