6636 Canyon Dr, Amarillo, TX 79109

2,800 SF 2.24 ac lot Built 1993

Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity

Property ID

US82-3915389

$779,000 2,800 SF

6636 Canyon Dr, Amarillo, TX 79109
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This exceptional Amarillo, Texas investment opportunity presents a stabilized, multi-tenant warehouse complex totaling 17,700 net rentable square feet. The property, situated on a 2.25-acre lot at 6636 Canyon Drive, boasts a prime location with easy access to I-27, featuring 130 feet of frontage and two entries off Canyon Drive. The complex comprises three buildings constructed in 1963, 1964, and 2020, offering a mix of established and newer structures. Currently 100% occupied by three tenants under a modified lease with a remaining term of approximately 1.7 years (expiring July 31, 2026, with lease commencement August 1, 2023), generating a strong net operating income (NOI) of $48,536 and a 5.39% capitalization rate. Key features include a loading dock, one dock-high door, a newer six-bay shop with 15 feet of surrounding concrete, a newer electric gate, a security system, a steel fence, and updated office space with central heating and air conditioning. A nearby lavatory complements the office. Significant advertising potential is offered by a double-sided digital 10x20 billboard and a lighted 10x20 billboard. The property also benefits from separate electric meters for each tenant and ample yard space. The property is classified as Class C industrial and is offered at an asking price of $900,000. The property is not subject to a ground lease. APN: 213170.