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1502 S Lipscomb St 3,916 SF Flex Building Amarillo, TX 79102 $275,000 ($70.22/SF)



Investment Highlights
- Combination of office and warehouse space providing diversified utility for multiple business types.
- Warehouse with pull-through capability, two 8-foot overhead doors, and fenced yard space.
- Infrastructure supports heavy usage with three-phase power and compressed air lines in the shop.
- Updated office areas feature reception, conference room, breakroom, and two restrooms.
- Recent improvements include roof replacement, HVAC upgrades, LED lighting, and gutter system.
Executive Summary
This centrally located property presents a versatile opportunity for businesses requiring a blend of office and warehouse space in Amarillo. Situated between Georgia and Washington Streets with easy access to I-40, the property offers both convenience and functionality for a range of users, including contractors, wholesalers, and light industrial operations. The layout includes a front office section featuring private offices, a conference room, reception area, kitchen/break area, and two restrooms, delivering a professional environment for administrative functions.
Recent upgrades enhance the asset’s appeal, including a new roof, updated HVAC systems, LED lighting, improved gutters, and other efficiency-focused improvements. The rear warehouse accommodates operational needs with two 8-foot overhead doors, pull-through access, three-phase power, compressed air lines, and a fenced side yard for secured outdoor storage. These features enable ease of logistic operations while maintaining flexibility for multiple business uses, from service companies to small-scale distribution.
Recent upgrades enhance the asset’s appeal, including a new roof, updated HVAC systems, LED lighting, improved gutters, and other efficiency-focused improvements. The rear warehouse accommodates operational needs with two 8-foot overhead doors, pull-through access, three-phase power, compressed air lines, and a fenced side yard for secured outdoor storage. These features enable ease of logistic operations while maintaining flexibility for multiple business uses, from service companies to small-scale distribution.
Property Facts
Amenities
- Fenced Lot
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R-005-9200-0100-0 | Improvements Assessment | $126,750 |
| Land Assessment | $10,500 | Total Assessment | $137,250 |
Property Taxes
Parcel Number
R-005-9200-0100-0
Land Assessment
$10,500
Improvements Assessment
$126,750
Total Assessment
$137,250
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1502 S Lipscomb St
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