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29258955
29258956

2028 Paramount Blvd, Amarillo, TX 79109 For Sale

HC
TX TX 606152
KW Commercial
Listed by KW Commercial
$600,000
187 days on market
Updated 10 days ago

Restaurant at I-40 & Paramount, Amarillo, TX

Details
Property Type Retail
Sub Type Restaurant
Square Footage 4,593
Units 1
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 1
Lease Expiration 05/31/2026
Price per SqFt $131
Broker Co-Op Yes
Class C
Year Built 1970
Year Renovated 2022
Buildings 1
Stories 1
Acreage 0.570
Zoning Light Commercial
Parking Spaces 40 spaces
Parking per 1,000 SqFt 8.71
Investment Type Value Add
Lease Commencement 06/01/2025
Ownership Fee Simple

2028 Paramount Blvd, Amarillo, TX | 4,593 SqFt Restaurant

Marketing description

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

Whether you choose to maintain the current lease for immediate cash flow or eventually transition the space for your own business, the recent upgrades to the grease trap, roof, and utilities provide a "plug-and-play" opportunity that is rare for properties in this price bracket.

Investment highlights

Visible from I-40 E & W bound traffic (70-80,000 vpd)

Large Pylon sign

1,000 gal grease trap installed in 2025

Leased through 5/31/2026

40 parking spaces

Listing Contacts

HC
TX TX 606152
KW Commercial
Listed by KW Commercial

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Additional Information

Name
Holly Coats, CPA, CCIM
License
TX 606152
Brokerage
Keller Williams Realty Amarillo
Brokerage Address
3955 South Soncy Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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