501 Grant StAmarillo, TX 79101

For Sale
$1,425,000

Mixed-use, 42,096 SF + 28,000 SF basement

Overview

Added:
Feb 3
Days on market:
39
This exceptional redevelopment opportunity encompasses three parcels totaling 1.05 acres in vibrant downtown Amarillo, Texas. The property consists of three buildings at 501, 509, and 517 S. Grant Street, offering a combined 42,096 square feet of above-ground space, complemented by an additional approximately 28,000 square feet of basement area. The main building at 501 S. Grant Street boasts 28,096 square feet spread across two floors, presenting versatile office and warehouse potential. A convenient freight elevator connects both levels to the extensive basement. The structure at 509 S. Grant Street comprises 14,000 square feet, recently updated with modern windows, overhead doors, and a refreshed front porch. This building also benefits from freight elevator access to both the ground floor and basement. Finally, the 15,246 square foot lot at 517 S. Grant Street is fully fenced, ideal for secure storage or ample parking. This unique property presents a significant chance to revitalize a prime downtown location, offering substantial space and diverse usage possibilities. The combined lot size of 1.05 acres provides ample room for expansion or future development. This is a rare opportunity to acquire a substantial mixed-use property in a thriving urban core. The property's size and location make it an attractive investment for developers and businesses seeking a prominent downtown Amarillo presence.

Property Details for 501 Grant St

Property type
Other commercial real estate
Year Built
1924
Lot Size (sq. ft)
45,738 SF

Location Insight

City
Amarillo
County
Potter
State
Texas
Latitude
35.20724
Longitude
-101.8277
501 Grant St, Amarillo, Texas

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501 Grant St
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