Amarillo, Texas, offers a diverse range of Retail Properties For Sale, with 18 available listings. These properties present a unique opportunity for investors to capitalize on the city's strong economy, which is driven by major industries such as meat packing, petroleum extraction, and agriculture. Retail Properties in Amarillo can represent a variety of investments, including strip centers, shopping malls, and freestanding buildings, each offering a distinct set of benefits and opportunities. The city's strategic location along the I-27 and I-40 corridors, as well as its proximity to major transportation facilities, makes it an attractive location for retailers and investors alike. Amarillo's amenities, including medical facilities, parks, and sports facilities, also contribute to its appeal. Additionally, the city's cowboy and Texas culture, showcased through events like the Tri-State Fair & Rodeo and the World Championship Ranch Rodeo, make it a great place for business and travel.
Amarillo's Retail Properties offer a unique blend of small-town charm and big-city amenities, making them an attractive option for investors. Nearby, Shopping Centers like the Westgate Mall and Wolflin Square offer a range of retail options, while Restaurants like The Big Texan Steak Ranch and Golden Corral provide a taste of the local flavor. Office Properties, such as the Amarillo National Bank Plaza One building, serve as hubs for the city's financial and professional services, while Hotels like the Embassy Suites by Hilton Amarillo Downtown and the Historic Ambassador Hotel offer comfortable accommodations for visitors. With its rich history, diverse economy, and unique attractions, Amarillo is an excellent location for Retail Properties, and its available listings offer a range of opportunities for investors to tap into the city's growth and potential.
What is the average cap rate for retail properties in Amarillo?
When considering retail properties for sale in Amarillo, it's essential to understand the average cap rate to make informed investment decisions. According to current market data, the average cap rate for retail properties in Amarillo is 8.43%, which is a crucial metric to evaluate the potential return on investment; to learn more about how to calculate and apply this metric, check out our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Amarillo, Texas, the location and foot traffic of a retail property significantly impact its value. Properties situated along major highways, such as Interstate 27 and Interstate 40, and in areas with high foot traffic, like the downtown area and Polk Street, tend to have higher values due to increased visibility and accessibility, with an average price per square foot of $165 USD and an average size of 21,022 square feet.
