5807 45Th Ave Amarillo, TX 79109
- Grocery and convenience stores
- 66,299 SF
- 15.33 lot acres
Current Use by Public Records
- Harbor Freight Tools / Tool Store / Hardware Store
- higi / Health Consultant
- i.d. SPOT / Pet Supply Store
- Giovanni's Pizzeria / Pizza Restaurant / Delivery Restaurant
- Goodwill Industries of Northwest Texas / Thrift Store
Property Details for 5807 45Th Ave
- Year built
- 1978
- Lot size
- 15.33 lot acres
- Property size
- 66,299 SF
- Zone code
- PD
- Property type
- Grocery and convenience stores
- APN
- R-022-6000-0500
- APU
- R02260000500
Description
This 144,426 square foot shopping center in Potter County, Texas, presents a compelling investment opportunity. The property boasts a prominent location at 5807 SW 45th, benefiting from excellent visibility on Bell and 45th streets. Currently, there are 43 available spaces ranging from 1,380 to 132,956 square feet, with a minimum divisible space of 1,527 square feet and a maximum contiguous space of 8,000 square feet. A significant 11,327 square feet is currently vacant, offering immediate potential for lease income. The center is anchored by a United Grocery store, providing strong draw for customers. The property sits on a substantial 15.33-acre lot. The surrounding area demonstrates strong demographics, with a population of 91,075 within a 3-mile radius and an average household income of $73,418. The triple net (NNN) lease rate is approximately $4.44 per square foot. This retail center offers a unique blend of established tenancy and significant expansion potential, making it an attractive proposition for investors seeking a strong return in a thriving market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Randall
- State
- Texas
- Longitude
- -101.9
- Latitude
- 35.1603
- CBSA code
- 11100
- CBSA name
- AMARILLO, TX METROPOLITAN STATISTICAL AREA
