For Sale
$650,000

4 Medical DrAmarillo, TX 79106

High-yield, multi-tenant office investment.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Class A, multi-tenant office building at 4 Medical Dr, Amarillo, TX 79106, presents a compelling investment opportunity. Boasting 4,797 square feet across three units, the property enjoys 100% occupancy with all three tenants holding brand new 3-5 year leases, ensuring stable income. The building, constructed in 1978 and situated on a 20,908 square foot lot, features ample parking with 48 spaces. The property's strong financial performance is highlighted by a Net Operating Income (NOI) of $52,000 and an attractive 8.00% cap rate. The building is zoned O-2 (Office District 2) and benefits from its convenient location just off 9th Street, near Amarillo's Medical Center, attracting medically-oriented businesses. The roof was replaced in 2013 with a TPO membrane. This core investment property offers a secure and profitable return, ideal for discerning investors seeking a stable, high-performing asset in a thriving medical district. The asking price is $650,000. All three tenants occupy similarly sized suites.

Highlights

  • Exceptional investment opportunity: Multi-tenant office building with new 3-5 year leases.
  • Three tenants occupy similar-sized suites.
  • TPO roof replaced in 2013.
  • Ample parking: 48 spaces.
  • Prime medical district location near 9th Street in Amarillo, TX.
  • All tenants are medically-related businesses.

Property Details for 4 Medical Dr

Property type
Office properties, Medical offices
Square Feet
4,797 SF
Class
A
Year Built
1978
Units
3

Location Insight

City
Amarillo
County
Potter
State
Texas
Latitude
35.2073457
Longitude
-101.8962868
4 Medical Dr, Amarillo, Texas

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4 Medical Dr
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