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$650,000

1511 Quarter Horse Dr, Amarillo, TX, 79104

On MarketInfo
Beds Beds
Baths Bath
Baths2,478 Sq Ft
price_per_sqft$262.31 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
HeatingHeating
CoolingCooling

Exterior

Lot Size15,246 sqft

Building Information

Year Built1970
Stories1

Land Information

APNR-044-0100-0500
Lot Number2
SubdivisionI-40 & Nelson Sub
Land UseCommercial
Legal DescriptionI-40 & NELSON SUB, LOT 002, BLK 0001
Census Tract011000
Assessed Land Value$45,738
Assessed Improvement Value$127,154
Assessment Year2025

About this property

Prime Commercial Investment Opportunity - Seller Will Consider Seller Financing with 30% Down! Unlock the potential of this high-traffic commercial property just off I-40 and Nelson/Quarter Horse Dr. This offering includes three commercial lots sold together, featuring a former restaurant/fast-food building with a drive-up window—perfect for a smoke shop, liquor store, or other drive-thru business. Conveniently located within walking distance of multiple hotels and the American Quarter Horse Association, this property benefits from excellent visibility and accessibility. Property Highlights: • Three commercial lots - Must be sold together • Former restaurant/fast food building - Ideal for a smoke shop, liquor store, or other retail use • Drive-up window - Perfect for a convenient, high-tr high-traffic business " High-traffic location - Near hotels, major highways, and the Quarter Horse Association " Great investment potential - Motivated seller, ready to make a deal " Three separate Property Tax IDs Don't miss this unique opportunity to own commercial property in a prime location. Call today for details!

Investor Tools

$0Estimated Mortgage Balance
$172,892Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,900 /month
Positive
Cash Flow Estimate:
$1,300 /month

Interested in this property?

Brittaney Bailey

Real Broker, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$326/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,047
$172,892
2025
$45,738
$127,154
$172,892
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,047
$172,892

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$172,892
100%
0%
$0/mo

City: Amarillo

1511 Quarter Horse Dr | Property Details | No Agent List