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$933,978

NAL Estimated Property Value

2302 S Osage St, Amarillo, TX, 79103

Off MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths2,400 Sq Ft
Year BuiltBuilt in 2024

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size1.05 acres

Building Information

Year Built2024

Land Information

APNR-001-0270-0510
SubdivisionAir Park # 2
Land UseVacant Land
Legal DescriptionAIR PARK # 2, BLK 0005, IRREG TR BEG IN NE COR OF BLK, 1.0500 ACRES
Census Tract010700
Assessed Land Value$171,518
Assessed Improvement Value$762,460
Assessment Year2025

About this property

Exceptional commercial opportunity in Amarillo! Known locally as El Paleton, this established and thriving business is now available for purchase. This offering includes the business, all equipment, inventory, proprietary recipes, and the real estate itself—providing a true turn-key operation for the next owner. The sale features multiple components, including the primary storefront, an attached shopping center, a fully equipped event center ideal for private parties and gatherings, and the additional property located at 818 Martin Rd. These combined assets create a versatile investment with multiple revenue streams. El Paleton has been recognized for its strong community presence and consistent customer base. With all equipment and inventory included, the new owner will have everything needed to continue operations seamlessly from day one. Please note: Before any financial documents, books, or confidential business information are released, a Non-Disclosure Agreement (NDA) must be signed by all involved parties. This is a rare opportunity to acquire an established, income-producing commercial portfolio with significant potential for continued growth.

Investor Tools

Property Icon
$933,978
Estimated Property Value
$784,713Estimated Mortgage Balance
$149,265Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$36,000 /month
Positive
Cash Flow Estimate:
$12,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$528/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,664
$933,978
2025
$171,518
$762,460
$933,978
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,664
$933,978

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Centennial Bank
Open End Mortgage / Open End With Future Advance Clause
$800,000
No
First
Apr 25, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$784,713
$149,265
15%
84%
$4,797/mo

City: Amarillo

2302 S Osage St | Property Details | No Agent List