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    Farmers Ave Amarillo, TX 79118

    For Sale
    $846,800

    Prime 2.43-Acre Commercial Lot

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional 2.43-acre commercial lot presents a remarkable investment opportunity in Amarillo, Texas. Boasting 328 feet of frontage on Farmers Avenue and a depth of approximately 323 feet, this property offers significant visibility and accessibility. Strategically located on the edge of the established City View and Saturn neighborhoods, it benefits from easy access via Western or Georgia streets. The area is experiencing rapid growth and development, making this a prime location for a variety of commercial ventures. The property's location is east of the 287 Body Shop on Farmers Avenue and adjacent to the intersection of Georgia and Farmers Avenues. Please note that a new survey will be required to determine the legal description prior to closing. The asking price is $846,800, reflecting a price of $8 per square foot. An additional 3.0 acres are available through a separate listing (MLS# 24-10161), providing the potential for a larger development footprint totaling 5.43 acres. This presents a unique chance to acquire a substantial parcel of land in a thriving Amarillo commercial corridor. The buyer is responsible for conducting their own due diligence regarding zoning and permitted uses.

    Property Features for Farmers Ave

    General Information

    Property type
    Other commercial real estate
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.8427
    Latitude
    35.13487

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 2.43-Acre Commercial Lot
    Where is this commercial real estate located?
    The property is located at Farmers Ave Amarillo, TX.
    What is the asking price?
    The asking price for this property is $846,800.
    (806) 358-7421
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    Farmers Ave Amarillo, TX 79118
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Farmers Ave Amarillo, TX 79118
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