The Llano Real Estate
Listed by The Llano Real Estate
$4,200,000
UA Cinema
Details
Property Type Multifamily, Hospitality
Sub Type Hotel
Square Footage 83,422
Price per SqFt $50
Year Built 1998
Year Renovated 2015
Buildings 1
Stories 2
Acreage 10.610
Zoning HC - Heavy Commercial
Multifamily
Marketing description
Located at 8275 west amarillo blvd, this expansive property offers a premier redevelopment opportunity in the heart of amarillo’s thriving retail corridor. Spanning over 10 acres, the site features a massive 83,422-square-foot building that previously housed the regal ua amarillo star cinema.
Canode-com park # 26, lot 02c, blk 0002, 10.6100 acres
Investment highlights
- Massive Footprint: The 10.61-acre lot includes 629 parking spaces, providing a high parking ratio of 7.54 spaces per 1,000 square feet.
- Prime Visibility: Situated along the I-40 frontage road, the site benefits from exposure to an estimated 96,000 vehicles per day on the interstate and 17,000 on Amarillo Blvd.
- Established Surroundings: Ideal site for redevelopment; 10.61 acres near a high concentration of hospitality and retailers, including SpringHill Suites, and Chick-fil-A.
- Strategic Redevelopment Opportunity
- While once a staple of local entertainment, this property is being sold with a restrictive covenant preventing its future use as a movie theater. Currently categorized under HC - Heavy Commercial zoning, it is primed for a variety of adaptive reuse projects.
- The existing structure and vast acreage make it an ideal candidate for:
- Mega-Retail or Showrooms: Located directly across from Westgate Mall, the site can leverage high-traffic shopping patterns.
- Medical or Office Campus: The property is adjacent to a medical office park, offering potential for synergistic professional use.
- Hospitality or Mixed-Use: Its proximity to national restaurant chains and hotels makes it a logical fit for further commercial densification.
- Prospective buyers are encouraged to consult with the City of Amarillo Planning Department to finalize rezoning for specific commercial goals.
Listing Contacts
The Llano Real Estate
Listed by The Llano Real Estate
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