Industrial Rehab Redevelopment Property | 117 S Pierce St
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Industrial Rehab Redevelopment Property 117 S Pierce St
68,000 SF 56% Leased Industrial Building Amarillo, TX 79101 $1,950,000 ($29/SF)
Investment Highlights
- Light Industrial Redevelopment/Rehab Property in northern downtown Amarillo
- Site is a whole city block with 1.72 acres bounded on all sides with city streets
- Contact wayne.burgdorf@svn.com for PDF brochure
- Located in Opportunity Zone, QCT, and City TIRZ
- Industrial Buildings have about 56K SF, Dorm Buildings have about 12K SF
Executive Summary
Good Industrial Redevelopment Play. This is a light industrial rehab or redevelopment opportunity on a whole city block in the north part of downtown Amarillo. It is in an Opportunity Zone, QCT, and city TIRZ. The site is 1.72 acres and pretty square with city streets on each site. The industrial building has about 56,000 SF, with phases built in 1922 & 1963 and is 2-3 levels with large older freight elevator. Much of the space has been finished as offices and similar, but can be gutted. More buildings were added that are residential dormitory in nature in 1983 & 2005 that have 12,000 SF. An internal driveway is present between the buildings.
Property Facts
| Price | $1,950,000 | Lot Size | 1.72 AC |
| Price Per SF | $29 | Rentable Building Area | 68,000 SF |
| Sale Type | Investment or Owner User | No. Stories | 3 |
| Sale Conditions | Building in Shell Condition | Year Built | 1963 |
| Property Type | Industrial | Opportunity Zone |
Yes
|
| Building Class | C |
| Price | $1,950,000 |
| Price Per SF | $29 |
| Sale Type | Investment or Owner User |
| Sale Conditions | Building in Shell Condition |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 1.72 AC |
| Rentable Building Area | 68,000 SF |
| No. Stories | 3 |
| Year Built | 1963 |
| Opportunity Zone |
Yes |
PROPERTY TAXES
| Parcel Number | R-031-0500-0026-0 | Improvements Assessment | $225,000 |
| Land Assessment | $75,000 | Total Assessment | $300,000 |
PROPERTY TAXES
Parcel Number
R-031-0500-0026-0
Land Assessment
$75,000
Improvements Assessment
$225,000
Total Assessment
$300,000
zoning
| Zoning Code | I-1 Light Industrial |
| I-1 Light Industrial |
-
Wayne Burgdorf -
SVN | Trinity Advisors
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Industrial Rehab Redevelopment Property | 117 S Pierce St
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