Amarillo, TX 79118,935 E FM 1151 (CLAUDE)
Amarillo, TX 79118,935 E FM 1151 (CLAUDE)
Amarillo, TX 79118,935 E FM 1151 (CLAUDE)
Amarillo, TX 79118,935 E FM 1151 (CLAUDE)
Amarillo, TX 79118,935 E FM 1151 (CLAUDE)
Amarillo, TX 79118,935 E FM 1151 (CLAUDE)
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$ 540,000
Est. payment | /mo

1,976 SqFt


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$ 540,000
Est. payment | /mo
Save

1,976 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 1,976 sqft

Price per Sqft $273

MLS Listing ID 24-768

Originating Board Amarillo Association of REALTORS®

Year Built 1985

Lot Size 5 Sqft

Acres 5.0

Lot Dimensions 332 ft x 657 ft

Property Description

Introducing a unique investment opportunity with an exceptional 12%+ cap rate, this property boasts three distinct buildings on a sprawling 5-acre parcel. Strategically located with convenient access on two sides, the property features highway frontage on Fm 1151 (Claude Hwy) & Burlington Rd. This location ensures visibility and ease of entry. The centerpiece of this investment is the well-established Lonestar Bar and Grill, a seasoned restaurant that is a package deal with the real estate. With a proven track record and a loyal customer base, the restaurant adds significant value to the property. The potential for additional income is enhanced by the presence of rental office spaces and a mobile home, offering diverse revenue streams. *Financials are available upon request.* The three buildings are tied together and share a common well located in the center of the property. Each building is equipped with its own septic system, ensuring operational efficiency. The flexibility of the 5-acre parcel also allows for potential subdivision. Platting will be required. The classification of the well is currently a "public water supply", due to the restaurant business. Detailed records of both the well and septic systems have been documented and are available upon request, offering transparency and assurance to potential investors. This investment property offers a rare combination of a high cap rate, diverse revenue streams, development potential, and an inclusive restaurant business. Seize the opportunity to invest in a strategically located property with promising returns and multiple avenues for income generation.

Location

State TX

County Randall

Area 4999 - All Others Not Identified

Zoning 4000 - SE of Amarillo City Limits

Direction Located on FM 1151, in between S Osage & S Washington st.

Exterior

Utilities Available Septic

Others

Tax ID 215897

Listed JT Haynes • Triangle Realty, LLC
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935 E FM 1151 (CLAUDE)