Investment Opportunity - Restaurant, Amarillo, TX

For Sale

2028 Paramount Boulevard, Amarillo, TX 79109

This Amarillo property for sale is located at 2028 Paramount Boulevard. The general use of Investment Opportunity - Restaurant, Amarillo, TX is retail and it incorporates 4,593 square feet of class C retail space. The current listed sale price for Investment Opportunity - Restaurant, Amarillo, TX is $600,000. Investment Opportunity - Restaurant, Amarillo, TX is situated on a lot that is 24,829 square feet in size.

Contacts

Holly Coats

Keller Williams Realty Amarillo

Andrew Coats

Keller Williams Realty Amarillo

Property Details

  • Property Type Retail - Freestanding
  • Property Size 4,593 SF
  • 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 Aug 8, 2026

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.

 

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Attachments

Getting around

  • 65/100

    Walk Score ®

  • 26/100

    Transit Score ®

  • 49/100

    Bike Score ®

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Location

  • City Amarillo, TX
  • Neighborhood Amarillo SouthWest
  • Zip Code 79109
  • Market Amarillo

Points of Interest

  • Valero

    0.41 miles

  • Toot'n Totum

    0.51 miles

  • Phillips 66

    0.55 miles

  • Murphy Express

    0.56 miles

  • Pak-A-Sak

    1.22 miles

  • Tesla Destination Charger - Best Western Plus Medical Center

    2.78 miles

  • Tesla Supercharger

    3.27 miles

  • 910 S Van Buren St

    2.02 miles

  • 904 S Van Buren St

    2.03 miles

  • 900 S Van Buren St

    2.04 miles

  • 220 SW 10th Ave

    2.10 miles

  • 913 S Harrison St

    2.10 miles

  • WTAMU Parking

    2.11 miles

  • 909 S Harrison St

    2.11 miles

  • 901 S Harrison St

    2.12 miles

  • 905 S Harrison St

    2.12 miles

  • Petroleum Building Parking

    2.15 miles

  • El Bracero

    0.01 miles

  • Red Lobster

    0.09 miles

  • Pacific Rim

    0.10 miles

  • Malcolm’s Ice Cream & Food Temptations

    0.10 miles

  • Popeyes

    0.12 miles

  • Pizza Planet

    0.18 miles

  • Indian Oven

    0.19 miles

  • Ye Olde Pancake Station

    0.21 miles

  • Calico County

    0.22 miles

  • Yellow City Street Food

    0.23 miles

  • Burlington

    0.45 miles

  • Market Street United

    0.48 miles

  • Amarillo International Food Market

    0.64 miles

  • Family Discount Store

    1.44 miles

  • Walmart Supercenter

    1.59 miles

  • The Village on Bell

    1.81 miles

  • Big Lots

    1.90 miles

  • United Supermarkets

    2.20 miles

  • Kress

    2.30 miles

  • Wolflin Plaza

    2.35 miles

Contact Investment Opportunity - Restaurant, Amarillo, TX
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