4600 Washington StAmarillo, TX 79110

Property Details for 4600 Washington St

Year built

1987

Lot size

0.62 AC

Property size (Sq ft)

2,700 SF

Zone code

GR

Property type

Grocery and convenience stores

APN

R-073-1100-2880

APU

R07311002880

Description

This freestanding retail building, located at the corner of Washington and SW 46th Ave in Amarillo, Texas, offers 2,700 square feet of space on a 27,077 square foot lot. The property benefits from a high-traffic intersection with 27,476 vehicles per day, ensuring excellent visibility for your business. Ample on-site parking and easy access are key features, complemented by the availability of a pylon sign for enhanced branding. The GR zoning allows for a variety of retail uses, subject to restrictive covenants. These covenants prohibit the sale of car wash services, oil change services, motor vehicle lubrication services, check cashing services, grocery items, beer or wine for off-premises consumption, tobacco products, lottery tickets, motor fuel, fountain drinks, or teas. The property's strategic location places it near major retailers such as United Supermarket, Sutherlands, AutoZone, and Toot N' Totum, creating a strong retail synergy. The net lease rate is $3.85 per square foot. This is an exceptional opportunity for a business seeking high visibility and convenient access in a thriving Amarillo commercial district. The property is located in Randall County, Texas, with a zip code of 79110.

• CAP approach

  CAP return

  Valuation

  6%

  $447,908

  6.5%

  $413,453

  7%

  $383,921

• Comparable approach

  Method

  Valuation

  Relative Method

  $250,519

  Geo Method

  $337,859

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $794,695

  Mixed-Use / Specialty

  $416,658

  Hospitality / Lodging

  $311,781

  Office

  $419,057

  Institutional / Educational

  $434,829

  Residential Income

  $508,750

  Multifamily

  $584,227

  Automotive / Energy

  $372,711

  Parking / Income-Based Land

  $123,995

  Restaurant / Food Service

  $226,693

  Healthcare / Senior Housing

  $422,477

Location Insight

City

Amarillo

County

Randall

State

Texas

Latitude

35.1631

Longitude

-101.849

CBSA code

11100

CBSA name

AMARILLO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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