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935 E Fm 1151 (Claude)

Amarillo, TX 79118
  • $575,000
  • STATUS: Active
  • ON SITE: 26 Days
  • ID#: 24-768
UPDATED: 180 min ago
$575,000
  • 0
    BEDS
  • 5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,976
    SQFT
  • $291
    $/SQFT
Type:
Commercial
Built:
1985
County:

School Ratings & Info

Description

Introducing a unique investment opportunity with an exceptional 12%+ cap rate, this property boasts three distinct buildings on a sprawling 5-acre parcel. Strategically located with convenient access on two sides, the property features highway frontage on Fm 1151 (Claude Hwy) & Burlington Rd. This location ensures visibility and ease of entry. The centerpiece of this investment is the well-established Lonestar Bar and Grill, a seasoned restaurant that is a package deal with the real estate. With a proven track record and a loyal customer base, the restaurant adds significant value to the property. The potential for additional income is enhanced by the presence of rental office spaces and a mobile home, offering diverse revenue streams. *Financials are available upon request.* The three buildings are tied together and share a common well located in the center of the property. Each building is equipped with its own septic system, ensuring operational efficiency. The flexibility of the 5-acre parcel also allows for potential subdivision. Platting will be required. The classification of the well is currently a "public water supply", due to the restaurant business. Detailed records of both the well and septic systems have been documented and are available upon request, offering transparency and assurance to potential investors. This investment property offers a rare combination of a high cap rate, diverse revenue streams, development potential, and an inclusive restaurant business. Seize the opportunity to invest in a strategically located property with promising returns and multiple avenues for income generation.

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© 2024 Amarillo Association of Realtors Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Van Pelt Real Estate. Data last updated: 2024-02-20T23:55:32.76.
www.vanpeltrealestate.com/homes/146932089
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935 E Fm 1151 (Claude) Amarillo, TX 79118

  • Price: $575,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 180 min ago
  • ID#: 24-768
0
Beds
0
Baths
0
½ Baths
5
Acres
1,976
SQFT
$291
$/SQFT
1985
Built
Neighborhood:
4999 - All Others Not Identified
County:
Randall
Area:
4999 - All Others Not Identified
Property Description
Introducing a unique investment opportunity with an exceptional 12%+ cap rate, this property boasts three distinct buildings on a sprawling 5-acre parcel. Strategically located with convenient access on two sides, the property features highway frontage on Fm 1151 (Claude Hwy) & Burlington Rd. This location ensures visibility and ease of entry. The centerpiece of this investment is the well-established Lonestar Bar and Grill, a seasoned restaurant that is a package deal with the real estate. With a proven track record and a loyal customer base, the restaurant adds significant value to the property. The potential for additional income is enhanced by the presence of rental office spaces and a mobile home, offering diverse revenue streams. *Financials are available upon request.* The three buildings are tied together and share a common well located in the center of the property. Each building is equipped with its own septic system, ensuring operational efficiency. The flexibility of the 5-acre parcel also allows for potential subdivision. Platting will be required. The classification of the well is currently a "public water supply", due to the restaurant business. Detailed records of both the well and septic systems have been documented and are available upon request, offering transparency and assurance to potential investors. This investment property offers a rare combination of a high cap rate, diverse revenue streams, development potential, and an inclusive restaurant business. Seize the opportunity to invest in a strategically located property with promising returns and multiple avenues for income generation.
Exterior Features

Lot Size Dimensions 332 ft x 657 ft

Property Features

Business Type Restaurant Exchange For Cash To Be Auctioned No Utilities Septic Zoning Description 4000 - SE of Amarillo City Limits

Listing information © 2024 Amarillo Association of Realtors Multiple Listing Service.
Listing provided courtesy of Jt Haynes of Triangle Realty, LLC: (806) 367-8334.

© 2024 Amarillo Association of Realtors Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Van Pelt Real Estate. Data last updated: 2024-02-20T23:55:32.76.
 
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