3505 Olsen BlvdAmarillo, TX 79109
For Sale
$2,400,000
High-return office investment. Prime Amarillo location.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 126
Highlights
- $2,400,000 asking price for a 45,909 SF multi-tenant office building.
- 8.54% cap rate with a stabilized NOI of $259,052.69.
- 84% occupancy with value-add potential through increased occupancy and below-market rents.
- Located in a high-traffic area of Amarillo, TX, at 3505 Olsen Blvd, with ample parking.
- The property features a mix of professional tenants and is situated near other businesses such as Planet Fitness, La Bella Pizza, and Hummer's Sports Cafe.
- The 3.3-acre lot is zoned for general retail and includes a 1973-built building.
Property Details for 3505 Olsen Blvd
- Property type
- Retail properties, Office properties
- Square Feet
- 45,909 SF
- Year Built
- 1973
- Lot Size (sq. ft)
- 143,748 SF
Location Insight
- City
- Amarillo
- County
- Potter
- State
- Texas
- Latitude
- 35.1841663
- Longitude
- -101.8780175
3505 Olsen Blvd, Amarillo, Texas
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-return office investment. Prime Amarillo location.
- Where is the retail property located?
- The property is located at 3505 Olsen Blvd Amarillo, TX.
- What is the asking price?
- The asking price for this property is $2,400,000.
- What are key features of this property?
- This property features: $2,400,000 asking price for a 45,909 SF multi-tenant office building.; 8.54% cap rate with a stabilized NOI of $259,052.69.; 84% occupancy with value-add potential through increased occupancy and below-market rents.
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