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2028 Paramount Blvd 4,593 SF Retail Building Amarillo, TX 79109 $600,000 ($130.63/SF)
INVESTMENT HIGHLIGHTS
- Large Pylon sign
- Leased through 5/31/2026
- Visible from I-40 E & W bound traffic (70-80,000 vpd)
- 40 parking spaces
- 1,000 gal grease trap installed in 2025
EXECUTIVE SUMMARY
High-Visibility Restaurant & Value-Add Investment Opportunity
Positioned in the heart of Amarillo, this versatile property offers a unique opportunity for both savvy investors and owner-users.
Property Highlights & Recent Capital Improvements
This isn't just a standard "value-add" play; the heavy lifting on infrastructure has already been completed. Since 2020, the property has undergone significant mechanical and structural updates, ensuring long-term viability and reduced deferred maintenance costs:
Roof: Modern, energy-efficient TPO Roof installation.
Electrical: updated in 2022.
Plumbing: Modernized throughout with durable PVC & PEX piping.
Grease Trap: Brand new, high-capacity 1,000-gallon grease trap installed in 2025, meeting the highest standards for modern commercial kitchen requirements
Whether you choose to maintain the current lease for immediate cash flow or eventually transition the space for your own business, the recent upgrades to the grease trap, roof, and utilities provide a "plug-and-play" opportunity that is rare for properties in this price bracket.
Positioned in the heart of Amarillo, this versatile property offers a unique opportunity for both savvy investors and owner-users.
Property Highlights & Recent Capital Improvements
This isn't just a standard "value-add" play; the heavy lifting on infrastructure has already been completed. Since 2020, the property has undergone significant mechanical and structural updates, ensuring long-term viability and reduced deferred maintenance costs:
Roof: Modern, energy-efficient TPO Roof installation.
Electrical: updated in 2022.
Plumbing: Modernized throughout with durable PVC & PEX piping.
Grease Trap: Brand new, high-capacity 1,000-gallon grease trap installed in 2025, meeting the highest standards for modern commercial kitchen requirements
Whether you choose to maintain the current lease for immediate cash flow or eventually transition the space for your own business, the recent upgrades to the grease trap, roof, and utilities provide a "plug-and-play" opportunity that is rare for properties in this price bracket.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,593 SF
Building Class
C
Year Built/Renovated
1970/2022
Price
$600,000
Price Per SF
$130.63
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.57 AC
Zoning
LC - Light Commercial
Parking
43 Spaces (9.36 Spaces per 1,000 SF Leased)
Frontage
179’ on Paramount Blvd
AMENITIES
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R-044-4850-1100-0 | Improvements Assessment | $198,936 |
| Land Assessment | $148,975 | Total Assessment | $347,911 |
PROPERTY TAXES
Parcel Number
R-044-4850-1100-0
Land Assessment
$148,975
Improvements Assessment
$198,936
Total Assessment
$347,911
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2028 Paramount Blvd
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