1616 Kentucky StAmarillo, TX 79102

Property Details for 1616 Kentucky St

Year built

1976

Lot size

3.76 AC

Property size (Sq ft)

14,362 SF

Zone code

PD

Property type

Retail properties

Property subtype

Parking lots & garages

APN

R-086-3830-0410

APU

R08638300410

Description

This exceptional Class B office building, located at 1616 S Kentucky St in Amarillo, Texas, 79102, offers a diverse range of executive office spaces. The property boasts a total of 86,411 square feet, situated on a generous 3.76-acre lot. Tenants can choose from various sizes, with a minimum divisible space of 334 square feet and a maximum contiguous space of 5,321 square feet. Currently, there are 19,533 square feet of vacant space available, presenting a significant opportunity for businesses seeking flexible and adaptable office solutions. The building is zoned PD - Planned Development, allowing for a variety of potential uses within the Potter County area. The property's multiple tenancy structure provides a dynamic and collaborative environment. This Amarillo location offers easy access to key transportation routes and amenities. The building's design and layout cater to the needs of modern businesses, providing a professional and efficient workspace. This is an excellent opportunity to secure high-quality office space in a thriving Texas market. Inquire today to learn more about the available spaces and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $2,886,909

  6.5%

  $2,664,839

  7%

  $2,474,494

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,154,914

  Geo Method

  $4,354,650

• Alternative Use

  Use

  Valuation

  Residential

  $2,247,892

  Hospitality

  $2,059,057

  Educational

  $1,713,111

  Medical

  $1,772,028

  Retail

  $2,664,839

Location Insight

City

Amarillo

County

Potter

State

Texas

Latitude

35.1964

Longitude

-101.87

CBSA code

11100

CBSA name

AMARILLO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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