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    1707 Nelson St Amarillo, TX 79103

    For Sale
    $668,315

    Prime I-40 location, 70,232 SF commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 70,232 square foot commercial land parcel presents a remarkable investment opportunity in Amarillo, Texas. Strategically located at 1707 S Nelson St, the property boasts unparalleled visibility and accessibility due to its frontage on both Interstate 40 and Nelson Street, ensuring high traffic exposure. The permitted zoning is Commercial Retail, offering a wide range of development possibilities for businesses seeking a high-impact location. The asking price is $668,315, translating to a price per square foot of $668,315/SF. This vacant land provides excellent ingress and egress, making it an ideal site for a variety of commercial ventures. The property's prime location in Potter County, Amarillo, TX 79103 (35.1922554, -101.8052826), offers significant potential for substantial returns. Given its size, visibility, and strategic location, this property is poised for immediate development and represents a compelling investment opportunity in a thriving Texas market. Serious inquiries are encouraged.

    Property Features for 1707 Nelson St

    General Information

    Property type
    Land

    HighLights

    • $668,315 asking price.
    • 70,232 square foot commercial land parcel.
    • Commercial Retail zoning.
    • High‑traffic location with excellent visibility.
    • I‑40 and Nelson Street frontage provides good ingress/egress.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.8052826
    Latitude
    35.1922554

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    FAQs

    What type of property is this?
    Land - Prime I-40 location, 70,232 SF commercial lot.
    Where is this land located?
    The property is located at 1707 Nelson St Amarillo, TX.
    What is the asking price?
    The asking price for this property is $668,315.
    What are key features of this property?
    This property features: $668,315 asking price.; 70,232 square foot commercial land parcel.; Commercial Retail zoning.
    Request Owner's contact information
    1707 Nelson St Amarillo, TX 79103
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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
    1707 Nelson St Amarillo, TX 79103
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