2711 Stanley StAmarillo, TX 79109

Property Details for 2711 Stanley St

Year built

1952

Lot size

0.32 AC

Property size (Sq ft)

24,000 SF

Zone code

LC

Property type

Retail properties

Property subtype

Outlet malls

APN

R-044-4600-2065

APU

R04446002065

Description

This exceptional investment opportunity presents three strategically located commercial properties in Texas for $1,300,000. The portfolio comprises three buildings totaling 8,000 to 32,000 square feet across three distinct Texas cities: Amarillo, Borger, and Dumas. Each property offers unique advantages and significant potential. In Amarillo, a four-story building at 2711 Stanley Street boasts a lifetime-warrantied TPO roof system and presents a blank canvas for redevelopment, ideal for mixed-use projects or a boutique hotel. The building's historic charm combines with modern adaptability. In Borger, 729 N Main Street provides high visibility on a major commercial thoroughfare, perfect for retail or office use. Its spacious layout allows for customization to suit various business needs. Finally, in Dumas, 1200 S Dumas Avenue features a newly installed metal roof, reducing future maintenance costs. This property offers a large showroom and upstairs office space, suitable for retail, service, or light industrial businesses. All three properties are zoned for commercial use and benefit from high-traffic locations, ensuring strong potential for return on investment. The portfolio's versatility allows for a wide range of commercial uses, making it an attractive proposition for investors seeking diverse and strategically located assets in a growing market. The properties are turnkey ready, offering immediate occupancy and the potential for significant future appreciation. This is a rare opportunity to acquire a well-positioned, multi-property portfolio at a compelling price point.

• CAP approach

  CAP return

  Valuation

  6%

  $5,234,102

  6.5%

  $4,831,478

  7%

  $4,486,372

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,395,798

  Geo Method

  $7,276,954

• Alternative Use

  Use

  Valuation

  Residential

  $4,075,532

  Hospitality

  $3,733,166

  Educational

  $3,105,950

  Medical

  $3,212,768

  Retail

  $4,831,478

Location Insight

City

Amarillo

County

Potter

State

Texas

Latitude

35.1914

Longitude

-101.867

CBSA code

11100

CBSA name

AMARILLO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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