3505 Olsen BlvdAmarillo, TX 79109

Property Details for 3505 Olsen Blvd

Year built

1973

Lot size

2.59 AC

Property size (Sq ft)

42,144 SF

Zone code

GR

Property type

Office buildings

APN

R-044-4800-2455

APU

R04448002455

Description

This exceptional Amarillo, Texas office complex, the Olsen Park Office Complex, presents a unique investment opportunity. Located at 3505 Olsen Blvd, 79109, this locally owned building boasts 45,909 square feet of total space, with 4 currently available units ranging from a minimum of 364 square feet to a maximum contiguous space of 1,632 square feet. A total of 4,071 square feet is currently vacant and ready for immediate occupancy. The property sits on a generous 3.3-acre lot and is zoned for General Retail, offering flexibility for a variety of businesses. The building features a naturally lit atrium, creating a bright and inviting atmosphere for tenants and clients. Its strategic location offers easy access to major thoroughfares including I-40, Western Street, and Paramount Boulevard, placing it within a high-traffic retail and office corridor. The surrounding area is vibrant, with nearby businesses including Planet Fitness, La Bella Pizza, Super A Appliance, Prime Medical Testing, Brent's Cafe, Boxwell Brothers Funeral Directors, and Hummer's Sports Cafe, ensuring high visibility and convenient amenities for tenants. This property is ideal for businesses seeking a well-located, attractive, and readily available office space in a thriving Amarillo neighborhood. The minimum divisible space is 364 square feet, making it suitable for a range of business sizes.

• CAP approach

  CAP return

  Valuation

  6%

  $6,252,436

  6.5%

  $5,771,480

  7%

  $5,359,232

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,759,929

  Geo Method

  $5,070,766

• Alternative Use

  Use

  Valuation

  Residential

  $7,156,635

  Hospitality

  $6,555,440

  Educational

  $5,454,048

  Medical

  $5,641,622

  Retail

  $8,484,076

Location Insight

City

Amarillo

County

Potter

State

Texas

Latitude

35.1841

Longitude

-101.878

CBSA code

11100

CBSA name

AMARILLO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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