Amarillo, Texas, offers a diverse range of Office Properties For Sale, with 7 listings available. Investing in Office Properties in Amarillo can be a lucrative opportunity, as the city's economy is driven by major industries such as meat packing, petroleum extraction, and agriculture. Office Properties can represent a variety of investments, from single-story buildings to multi-story complexes, and can cater to different business needs. Amarillo's strategic location, with easy access to major highways and transportation facilities, makes it an attractive location for businesses. The city's amenities, including medical facilities, parks, and educational institutions, also contribute to its appeal. For instance, the presence of Baptist St. Anthony's Hospital, Northwest Texas Hospital, and the Thomas E. Creek Department of Veterans Affairs Medical Center ensures that medical needs are well catered for. Additionally, Amarillo College, Wayland Baptist University, and Texas Tech University Health Sciences Center at Amarillo provide a skilled workforce. The city's unique attractions, such as the Cadillac Ranch and Palo Duro Canyon State Park, also make it an attractive location for businesses and travelers alike.
Amarillo's Office Properties For Sale offer a range of options, from small to large spaces, with an average price per square foot of $139 USD and an average size of 10,991 square feet. The largest Office Property available is 46,815 square feet. With an average cap rate of 7.25%, investing in Office Properties in Amarillo can be a profitable venture. In addition to Office Properties, Amarillo also offers other types of Commercial Real Estate, such as Apartment Buildings, Shopping Centers, and Hotels. The city's Apartment Buildings offer a range of options for residents, while Shopping Centers provide a convenient location for businesses. Hotels in Amarillo cater to the city's visitors, who come to experience its unique attractions and events, such as the Tri-State Fair & Rodeo and the World Championship Ranch Rodeo. Overall, Amarillo's Office Properties For Sale offer a unique opportunity to invest in a city with a diverse economy and a range of amenities.
What is the average price per square foot for office properties in Amarillo?
The average price per square foot for office properties in Amarillo is $139 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Amarillo, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed investment decision.
- Class A office properties are typically high-rise buildings with modern amenities, prime locations, and high-quality finishes, attracting top-tier tenants and commanding higher rental rates.
- Class B office properties offer functional space with average amenities, often located in decent areas, and are suitable for smaller businesses or startups, providing a more affordable option.
- Class C office properties are usually older buildings with limited amenities, located in less desirable areas, and are often used for incubator spaces or startups on a tight budget.
