200 Grace Ln, Amarillo, TX 79124

Listing Agency: KW Commercial

Listed By: Holly Coats, CPA, CCIM · License TX #606152 Show Phone

Source: Crexi

Added: May 12, 2023 Changed: Nov 11 Last Checked: Nov 12 at 7:15AM

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Investment Insights

Based on property information with market context.

Located on Amarillo Blvd W between Tascosa Rd and Western, this property consists of five lots zoned PD (planned development) and surrounded by new development. The location offers high visibility. Lots 2B and 2G are standouts, offering 248.9' and 329.51' of frontage, respectively. Lot 2B is priced at $571,740 ($12/sf), while Lots 2C, 2D, and 2F are priced at $9/sf. Lot 2G is priced at $603,742 ($11/sf). This property is suitable for a medical facility, restaurant, or any other high-visibility commercial venture. The area has a growing population. Within a five-mile radius, there are over 125,000 residents, with an average household income of over $75,000.

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Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Auto Repair Shop Spa & Massage Center Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

180

Businesses Nearby

Explore this area Business Placement

Demographics for 79124, TX

11,585

Population

4,676

Households

2.5

Avg Household Size

45

Median Age

39%

College-Educated

94%

High-School Grad

181.2 sq mi

ZIP Area

64

Density / Sq Mi

$110,144

Median Household Income

$64,296

Median Earnings

$1,158

Median Rent

$325,900

Median Home Value

Market

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Jul

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Frequently Asked Questions

What type of property is this?

Commercial land - Five commercial lots on Amarillo Blvd W, great visibility.

Where is this commercial land located?

The property is located at 200 Grace Ln Amarillo, TX.

What is the asking price?

The asking price for this property is $3,148,872.