4021 50Th AveAmarillo, TX 79109

Property Details for 4021 50Th Ave

Year built

1962

Lot size

0.15 AC

Property size (Sq ft)

1,705 SF

Zone code

LC

Property type

Office properties

Property subtype

Office buildings

APN

R-086-3450-0270

APU

R08634500270

Description

This exceptional 1,705-square-foot commercial property, located at 4021 SW 50th Ave in Amarillo, Texas, 79109, presents a unique opportunity for businesses seeking a versatile and updated workspace. The single-tenant building boasts a Class C rating and underwent extensive renovations in 2024, ensuring modern amenities and functionality. The layout includes four private offices, a welcoming reception area, a spacious bull room perfect for collaborative work or meetings, two bathrooms, a convenient break room, and dedicated storage space. The property features central heating and air conditioning for year-round comfort. Ample parking is available with eight spaces provided on-site. The building is a single-story structure, offering easy accessibility and a streamlined workflow. Its location on a busy street ensures high visibility and convenient access for clients and employees. This property is suitable for a variety of office uses, including creative office, executive office, traditional office, and coworking spaces. The property type is classified as Retail, Office, and Special Purpose, offering flexibility for diverse business needs. Don't miss this chance to secure a fully renovated, well-appointed office space in a prime Amarillo location.

• CAP approach

  CAP return

  Valuation

  6%

  $252,952

  6.5%

  $233,494

  7%

  $216,816

• Comparable approach

  Method

  Valuation

  Relative Method

  $152,114

  Geo Method

  $205,146

• Alternative Use

  Use

  Valuation

  Residential

  $289,533

  Hospitality

  $265,210

  Educational

  $220,652

  Medical

  $228,240

  Retail

  $343,236

Location Insight

City

Amarillo

County

Randall

State

Texas

Latitude

35.1549

Longitude

-101.881

CBSA code

11100

CBSA name

AMARILLO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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