3501 24Th AveAmarillo, TX 79107

Property Details for 3501 24Th Ave

Year built

1978

Lot size

0.52 AC

Property size (Sq ft)

2,134 SF

Zone code

GR

Property type

Retail properties

Property subtype

Drive through restaurants

APN

R-073-0500-0040

APU

R07305000040

Description

This exceptional Amarillo restaurant presents a unique investment opportunity. Located at 3501 NE 24th Avenue, this established business boasts 2,134 square feet of space within a larger 22,500 square foot lot, situated in a high-traffic area of North Amarillo near shopping centers and numerous amenities. The building, constructed in 1978, is a single-story structure zoned 0300 - NE Amarillo in City Limits. The asking price is $680,000, translating to $318.65 per square foot. A significant asset of this sale includes over $100,000 worth of equipment, as stated by the seller. This turnkey operation offers immediate potential for continued success. The seller is motivated and will consider seller financing with a 30% down payment. Serious inquiries only

• CAP approach

  CAP return

  Valuation

  6%

  $445,125

  6.5%

  $410,885

  7%

  $381,536

• Comparable approach

  Method

  Valuation

  Relative Method

  $452,428

  Geo Method

  $647,042

• Alternative Use

  Use

  Valuation

  Residential

  $346,597

  Hospitality

  $317,481

  Educational

  $264,140

  Medical

  $273,224

  Retail

  $410,885

Location Insight

City

Amarillo

County

Potter

State

Texas

Latitude

35.2368

Longitude

-101.799

CBSA code

11100

CBSA name

AMARILLO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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