What is the asking price for Investment Opportunity - Restaurant, Amarillo, TX?

The lease rate for space here is Contact for pricing.

What type of property tenancy can you find at Investment Opportunity - Restaurant, Amarillo, TX?

This property is listed as Single Tenant.

What is the total size of Investment Opportunity - Restaurant, Amarillo, TX?

The property has a total square footage of 4,593 SF.

When was this property built?

Investment Opportunity - Restaurant, Amarillo, TX was built in 1970.

How many parking spaces are available at Investment Opportunity - Restaurant, Amarillo, TX?

Parking information for the property isn't currently listed. However, other nearby parking options include 910 S Van Buren St, located 2.02 miles away , and 904 S Van Buren St, which is 2.02 miles away.

2028 Paramount Boulevard, Amarillo, TX 79109

For Sale $600,000
Property Type Retail - Freestanding
Lot Size 24,829 SF
# of Floors 1
Parking Spaces Avail. 40
Property Tenancy Single Tenant
Building Class C
Year Built 1970
Year Renovated 2022
Date Updated Jul 3, 2026

Description

Prime Commercial Investment Opportunity | 2028 Paramount Blvd, Amarillo, TX

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

A new four year lease agreement is in place at the rental rate of $4,500.00 per month modified gross. Taxes and insurance are approximately $14,000 annually. Annual net income of $40,000 which is a 6.6% cap rate.