101 11Th Ave Amarillo, TX 79101

This four-story, 31,383-square-foot Class B office building in Amarillo, Texas, presents a compelling value-add investment opportunity. Located at 101 SE 11th Ave, in Potter County, zip code 79101, this multi-tenant property boasts a prime downtown location within an Opportunity Zone, offering significant tax advantages. Built in 1926 and renovated in 2000, the building currently has 19.93% occupancy, with approximately 25,130 square feet of vacant space available for lease. The asking price is $4,500,000, translating to $143.39 per square foot. Currently, the owner occupies 4,262 square feet, and a law firm occupies an additional 1,991 square feet. The property's strategic location offers easy access to Interstates 27 and 40, enhancing its appeal to potential tenants. An adjacent 0.95-acre parcel is also available for development or sale, further increasing the investment potential. This property offers investors the chance to capitalize on Amarillo's growing commercial real estate market by leasing up the significant vacant space and potentially developing the adjacent land. The vibrant downtown Amarillo business district provides numerous amenities, making it an attractive location for businesses and employees.