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    2699 Farmers Ave Amarillo, TX 79118

    Sponsored
    For Sale
    Contact for pricing

    Prime 1.8-acre commercial lot, excellent location, city utilities.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.8-acre commercial land parcel presents a unique investment opportunity in Amarillo, Texas. Situated at the southeast corner of Farmers Avenue and S. Georgia Street, this property boasts significant frontage along both major thoroughfares, measuring approximately 330 feet on Farmers Avenue and 240 feet on S. Georgia Street. The lot is zoned for commercial use, despite being conveniently located just outside the city limits, providing potential buyers with flexibility in development plans. Access to city water and sewer services is readily available, simplifying infrastructure needs. The asking price is $10 per square foot, totaling $784,080. This rapidly developing area showcases a diverse mix of residential, multi-family, industrial, and retail properties, indicating strong potential for future growth and return on investment. The property's strategic location near a recently constructed Circle K convenience store further underscores its high visibility and accessibility. This is an ideal site for a variety of commercial ventures, offering significant potential for developers and investors seeking a prime location in a thriving Amarillo neighborhood. The property's address is 2699 Farmers Ave, Amarillo, TX 79118, within Randall County.

    Property Features for 2699 Farmers Ave

    General Information

    Property type
    Land
    Lot Size
    78,408 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.8660652
    Latitude
    35.1348726

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    FAQs

    What type of property is this?
    Land - Prime 1.8-acre commercial lot, excellent location, city utilities.
    Where is this land located?
    The property is located at 2699 Farmers Ave Amarillo, TX.
    (806) 373-3111
    Request Owner's contact information
    2699 Farmers Ave Amarillo, TX 79118
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    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
    2699 Farmers Ave Amarillo, TX 79118
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