2300 S Georgia - Retail FOR SALE


Amarillo, TX 79109
$2,720,000 USD
929-229-2614
2300 S Georgia, Amarillo, TX for Sale
$2,720,000 USD
Retail - FOR SALE
1/10
null | 7% Cap Rate

2300 S Georgia
Amarillo, TX 79109


HIGHLIGHTS

  • South Georgia Street Strip Center | 100% Occupied | 6.2 Years WALT | Strong Tenant Lineup | Scheduled Rental Increases
  • Recent Capital Improvements | Directly off Interstate 40 | Interstate 27 | End Cap Drive-Thru | Excellent Visibility & Access
  • Local Demographics In 5-mile Trade Area
  • Signalized, Hard Corner Intersection | Dense Retail Corridor | Surrounding Big Box Retailers | Strong Tenant Synergy

OVERVIEW

Strategically positioned at the intersection of S. Georgia Street (22,200 VPD) and Civic Circle, and directly off I-40 (88,000 VPD), the property enjoys strong visibility and access. It is surrounded by national retailers including Home Depot, Market Street, and Crunch Fitness. The center includes a Smoothie King with a drive-thru, boosting site traffic and tenant performance. The asset has undergone recent capital improvements, including a new roof in 2022 and full exterior renovations in 2020. The 5-mile trade area is home to 170,200+ residents and 91,300+ employees with an average household income of $89,286, reinforcing strong retail fundamentals in the largest city of the Texas Panhandle.

FOR SALE DETAILS

PRICE

$2,720,000 USD

PRICE/SF

$481 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

South Georgia Retail

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

GC

APN/PARCEL ID

R-044-4600-0107-0

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.