790 Buchanan StAmarillo, TX 79101

Property Details for 790 Buchanan St

Year built

2016

Lot size

2.07 AC

Property size (Sq ft)

77,308 SF

Zone code

CB

Property type

Retail properties

Property subtype

Parking lots & garages

APN

R-065-1000-7610

APU

R06510007610

Description

This exceptional 3,273 square foot retail property, located at 790 Buchanan Street in Amarillo, Texas, presents a unique investment opportunity. The property is a multi-tenant strip center with restaurant capabilities, currently fully vacant and offering a total of 3,273 square feet of contiguous space. The minimum divisible space is 1,000 square feet, providing flexibility for various business needs. Situated in the desirable 79101 submarket of Potter County, this location boasts unparalleled visibility and accessibility. Its strategic placement offers significant advantages, being directly adjacent to a parking garage, the Embassy Suites Hotel, the Civic Center, and Hodgetown Stadium. This prime location ensures high foot traffic and exposure to a diverse customer base, making it ideal for a variety of retail or restaurant concepts. The property's proximity to these key attractions guarantees a steady stream of potential customers, creating a strong foundation for business success. The entire 3,273 square feet is available for lease, offering a rare chance to establish a significant presence in a thriving Amarillo commercial district. This is an exceptional opportunity for businesses seeking a high-visibility location with excellent access and ample parking.

• CAP approach

  CAP return

  Valuation

  6%

  $15,539,701

  6.5%

  $14,344,339

  7%

  $13,319,744

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,982,318

  Geo Method

  $23,440,280

• Alternative Use

  Use

  Valuation

  Residential

  $12,099,987

  Hospitality

  $11,083,523

  Educational

  $9,221,361

  Medical

  $9,538,498

  Retail

  $14,344,339

Location Insight

City

Amarillo

County

Potter

State

Texas

Latitude

35.2055

Longitude

-101.833

CBSA code

11100

CBSA name

AMARILLO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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