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Property profile & analytics
OFF-MARKET
Theaters & concert halls

550 Buchanan St Amarillo, TX 79101-2501

31,875 SF 2.07 ac lot Built 2016
Individually Owned Free & Clear
Property ID
US82-2136603
Property summary
AI-generated overview

This exceptional 2016-built, Class "A" former restaurant space presents a unique opportunity for a discerning restaurateur. Located in the vibrant heart of downtown Amarillo, this single-tenancy property boasts an enviable position adjacent to the Embassy Suites Convention Hotel, ensuring high foot traffic and visibility. Its strategic location directly across the street from Hodgetown Stadium further enhances its appeal, capitalizing on the significant influx of patrons attending sporting events and other stadium activities. The property's proximity to the Amarillo Civic Center also provides convenient access to a large pool of potential customers attending conventions, concerts, and other events. The space offers significant advantages for a variety of restaurant concepts. Fixtures, furniture, and equipment (FF&E) are negotiable, subject to terms and conditions, providing flexibility for potential buyers to customize the space to their specific needs and vision. This prime location, combined with its modern construction and convenient access to major attractions, makes this property an exceptional investment opportunity in a thriving downtown area. The property is situated in Potter County.

Property profile
Verified
Property type Theaters & concert halls
Use group ARENA, CONVENTION CENTER
Year built 2016
Total area 31,875 SF
Lot 2.07 ac (90,169 SF)
APN R-031-0500-2729
UPID US82-2136603
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
  • Embassy Suites by Hilton Amarillo Downtown Hotel & Motel
  • Embassy Suites by Hilton Parking Lot & Garage
  • Cerulean Gallery Art Gallery Event Venue
  • Towne Park Amarillo Parking Lot & Garage
  • Texas Tech School of Veterinary Medicine College
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
CITY AMARILLO
CITY AMARILLO
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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