$440,000
Est. payment /mo
8,600 SqFt
Price Dropped by $10K
620 W AMARILLO BLVD Amarillo, TX 79107
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,600 sqft
Price per Sqft $51
MLS Listing ID 25-3856
Year Built 1957
Source Amarillo Association of REALTORS®
Property Description
Known as the Deluxe Inn, a 24-bedroom, 24-bathroom motel situated on a high-traffic corridor in Amarillo. If turned into efficiency apartments, you could collect up to $813 per unit, which would lead to around 36.17% cap rate. This is a very strong cap rate, which suggest a high return relative to price- this is very attractive to investors. IF you are an investor don't miss out on this opportunity.
Location
State TX
County Potter
Area 0111 - San Jacinto
Zoning 0100 - NW Amarillo in City Limits
Direction Head West on Amarillo Blvd, property sits on right side.
Interior
Flooring Carpet, Tile
Exterior
Parking Features Parking Lot
Utilities Available City Sewer
Roof Type Composition
Others
Tax ID 213840
Listed Brittaney Bailey • Our Texas Real Estate