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    224 A Old Smelter Amarillo, TX 79119

    For Sale
    $106,000

    106 Acres, Owner Financing Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents 106.7 acres of commercial land situated off Old Smelter Road in Amarillo, Texas, zip code 79119. The property, identified as SECT 224 A Old Smelter, is designated as special purpose land and offers significant potential for various commercial developments. Currently, there are no existing buildings or units on the site. The asking price for this expansive tract is $106,000. A compelling feature of this offering is the seller's willingness to provide owner financing. The proposed terms include a 10% down payment and a fixed interest rate of 12% over a 30-year amortization period. This attractive financing option makes this property accessible to a wider range of investors. The property's location in Potter County, Texas, offers convenient access to Amarillo's infrastructure and amenities. Prospective buyers should conduct their own due diligence to assess the suitability of this land for their specific commercial development plans. The combined acreage with parcels 24-1282 and 24-1745 (if acquired) significantly increases the overall development potential. This is a rare opportunity to acquire a substantial land parcel in a growing Texas market with flexible financing options.

    Property Features for 224 A Old Smelter

    General Information

    Property type
    Land

    HighLights

    • $106,000 asking price.
    • Special purpose land property.
    • 106.7 acres.
    • Located off Old Smelter Rd, Amarillo, TX.
    • Owner financing available (10% down, 12% interest, 30‑year fixed).
    • Potentially combinable with parcels 24‑1282 and 24‑1745.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -102.0032957
    Latitude
    35.120627

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    FAQs

    What type of property is this?
    Land - 106 Acres, Owner Financing Available
    Where is this land located?
    The property is located at 224 A Old Smelter Amarillo, TX.
    What is the asking price?
    The asking price for this property is $106,000.
    What are key features of this property?
    This property features: $106,000 asking price.; Special purpose land property.; 106.7 acres.
    Request Owner's contact information
    224 A Old Smelter Amarillo, TX 79119
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    Amarillo, TX 79119
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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
    224 A Old Smelter Amarillo, TX 79119
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