520 Southeast 24th Avenue
520 Southeast 24th Avenue, Amarillo, TX 79109
Retail | 9.53% CAP | 12,000 SqFt
Marketing description
Broken Horn Steakhouse is positioned as a full-service steakhouse and event-oriented hospitality asset in Perryton, Texas. Based on the deal inputs previously provided, the offering is underwritten on an illustrative real estate price basis of $650,000 and trailing net operating income of approximately $71,000. On that basis, the implied real estate cap rate is approximately 10.9%, creating a compelling yield profile for investors seeking a small-market hospitality asset with in-place cash flow, owner-operator appeal, and potential upside through food and beverage optimization, events, and operating efficiencies.
Investment highlights
Price $745,000
Provided NOI basis of approximately $71,000
Implied cap rate of about 9.53%
Restaurant and event-venue positioning
Service area draw with Perryton / Ochiltree County
Potential owner-user or passive investment play
Reach out to the broker for more info on lease terms and amenities
False
Contacts
FIMC Commercial Realty
Building Details
- For Sale $745,000
- Property Type Retail
- Property Size 12,000 SF
- Lot Size 2 Acre
- Cap Rate % 9.53
- NOI / YR $71,000.00
- Date Updated Jun 5, 2026
Getting Around
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Walk Score ®
Car-Dependent (28) -
Transit Score ®
Some Transit (26) -
Bike Score ®
Somewhat Bikeable (35)
Location
- City Amarillo, TX
- Neighborhood Wolfin Historic District
- Zip Code 79109
- Market Amarillo
Points of Interest
Toot'n Totum
0.83 miles
Chevron
1.13 miles
Sam's Club
1.17 miles
Phillips 66
1.40 miles
Tesla Destination Charger - Best Western Plus Medical Center
4.95 miles
Tesla Supercharger
5.17 miles
220 SW 10th Ave
1.17 miles
Happy State Bank Parking Garage
1.18 miles
913 S Harrison St
1.18 miles
909 S Harrison St
1.19 miles
905 S Harrison St
1.20 miles
901 S Harrison St
1.21 miles
910 S Van Buren St
1.23 miles
904 S Van Buren St
1.25 miles
900 S Van Buren St
1.26 miles
Walmart Neighborhood Market
1.26 miles
Kress
1.32 miles
Amarillo International Food Market
1.60 miles
Market Street United
1.84 miles
United Supermarkets
1.88 miles
Walmart Supercenter
1.95 miles
Amigos
2.13 miles
Bealls
2.20 miles
Big Lots
2.22 miles
520 Southeast 24th Avenue Listing Summary
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What is the asking price at 520 Southeast 24th Avenue?
520 Southeast 24th Avenue is currently listed for sale at Contact for pricing.
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What is the total size of 520 Southeast 24th Avenue?
520 Southeast 24th Avenue has a total of 12,000 square feet.
FIMC Commercial Realty
