401 SE 2nd Ave
Amarillo, TX 79101

The Property is located in the northern section of downtown Amarillo, just north of IH-40.  It is in an Opportunity Zone, 2022 QCT, & The Center City TIRZ (Tax Increment Reinvestment Zone).         

The property is one block NW of the Amarillo Civic Center Complex.  It is also one block NE of the Herring Hotel which is planned for redevelopment.  It is 5 blocks north of Hodgetown Stadium.       

The site is a full city block, almost square, 1.72 acres, zoned I-1 Light Industrial with a General Commercial Future Land Use designation.   It is level at street grades with no flood plain and has all urban utilities.  The site has a former industrial building built in phases in 1922 & 1963, and modern dorm style buildings built in 1983 & 2005.   Total GBA is ±68K SF.    

Priced at $1,950,000.  Most likely redevelopment uses given downtown demand are multi-family and hospitality.  The city is favorable to LIHTC development