3601 Washington StAmarillo, TX 79110

Property Details for 3601 Washington St

Year built

1996

Lot size

0.64 AC

Property size (Sq ft)

2,809 SF

Zone code

GR

Property type

Retail properties

Property subtype

Banks

APN

R-044-6400-1950

APU

R04464001950

Description

This exceptional 2,809 square foot free-standing retail building is ideally situated in Amarillo, Texas, at 3601 S Washington, zip code 79110, in Randall County. Boasting excellent visibility and high traffic counts, this property enjoys a prominent location with 29,140 cars passing daily at the intersection of I-27 and Washington. Previously occupied by a Bank of America drive-up satellite location, the building features four drive-up lanes, four teller windows, three offices, and a spacious waiting area. The building sits on a substantial 27,878 square foot lot and is zoned GR. The entire 2,809 square feet is currently vacant and available for lease at a gross monthly rent of $2,950. This presents a unique opportunity for a business seeking a high-profile location with existing infrastructure suited for various retail uses. The property's convenient access and ample space make it an attractive option for a wide range of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $612,608

  6.5%

  $565,484

  7%

  $525,092

• Comparable approach

  Method

  Valuation

  Relative Method

  $631,533

  Geo Method

  $851,707

• Alternative Use

  Use

  Valuation

  Residential

  $477,007

  Hospitality

  $436,936

  Educational

  $363,526

  Medical

  $376,028

  Retail

  $565,484

Location Insight

City

Amarillo

County

Randall

State

Texas

Latitude

35.1761

Longitude

-101.848

CBSA code

11100

CBSA name

AMARILLO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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