2401 Osage StAmarillo, TX 79103

Property Details for 2401 Osage St

Year built

2005

Lot size

8.63 AC

Property size (Sq ft)

7,161 SF

Zone code

GR

Property type

Office properties

Property subtype

Office buildings

APN

R-044-4200-4865

APU

R04442004865

Description

This exceptional 131,721-square-foot multi-use campus in Amarillo, Texas, presents a unique investment opportunity. Situated on a sprawling 15.04-acre lot, this property boasts four buildings totaling 131,721 square feet, with ten individual suites. Originally constructed in 1964 and extensively renovated in 2004, the campus features a mix of medical, traditional, and creative office spaces, currently configured as a multi-tenant facility. The property includes a building with an F4 tornado rating, providing exceptional structural integrity. Further enhancing its resilience, the campus is equipped with four backup generators and a 15,000-gallon underground storage tank. Its prime location offers excellent access to both I-40 and I-27 interstates, complemented by a massive parking area. The expansive land parcel presents significant potential for future development. Zoned for general retail, this versatile property is ideally suited for a variety of uses, including call centers, claim centers, medical campuses, memory care facilities, or even a junior college or university campus. The property is available for sale or lease, and offers a turnkey opportunity with existing cubicles, chairs, desks, conference rooms, and break rooms. Located at 2401 S Osage St, Amarillo, TX 79103, in Potter County. The property is a single-story structure.

• CAP approach

  CAP return

  Valuation

  6%

  $979,207

  6.5%

  $903,884

  7%

  $839,320

• Comparable approach

  Method

  Valuation

  Relative Method

  $624,232

  Geo Method

  $861,612

• Alternative Use

  Use

  Valuation

  Residential

  $1,120,816

  Hospitality

  $1,026,661

  Educational

  $854,170

  Medical

  $883,546

  Retail

  $1,328,709

Location Insight

City

Amarillo

County

Potter

State

Texas

Latitude

35.1876

Longitude

-101.812

CBSA code

11100

CBSA name

AMARILLO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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