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5521 Gem Lake Rd Amarillo, TX 79106

Sponsored
For Sale
$4,000,000

13.23 Acres, Development Ready

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional 13.23-acre commercial land parcel presents a remarkable development opportunity in Amarillo, Texas. Located at 5521 Gem Lake Rd, just east of Amarillo Boulevard, this property boasts convenient access to major thoroughfares and city amenities. The land is zoned R1 - Residential, offering flexibility for a variety of development projects, subject to city approval. Potential uses include residential, assisted living facilities, or retail/office spaces. City utilities are already on-site, significantly reducing infrastructure costs and expediting the development process. The asking price is $4,000,000, translating to a land value of $7 per square foot. This represents a compelling investment opportunity given the property's size, location, and potential for diverse development scenarios. The property's address is 5521 Gem Lake Rd, Amarillo, TX 79106, situated in Randall County. Detailed site plans and zoning information are readily available upon request. This prime location and the existing infrastructure make this a highly attractive proposition for developers seeking a strategic foothold in the Amarillo market. Don't miss this chance to acquire a substantial tract of land with significant development potential in a thriving Texas city.

Property Features for 5521 Gem Lake Rd

General Information

Property type
Land
Lot Size
576,299 SF

HighLights

  • City utilities available on‑site.
  • Development‑ready site suitable for residential, assisted living, and retail/office uses (subject to city approvals).
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Amarillo
County
Randall
State
Texas
Longitude
-101.898998
Latitude
35.211651

FAQs

What type of property is this?
Land - 13.23 Acres, Development Ready
Where is this land located?
The property is located at 5521 Gem Lake Rd Amarillo, TX.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: City utilities available on-site.; Development-ready site suitable for residential, assisted living, and retail/office uses (subject to city approvals).;
More about this property
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