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    24Th Ave Amarillo, TX 79107

    For Sale
    $645,000

    8.9 Acres, Ideal for Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 8.9-acre commercial land parcel presents a remarkable investment opportunity in Amarillo, Texas. Strategically located on NW 24th Avenue near Grand Street, within Potter County, zip code 79107, this property boasts a significant 325-foot lot frontage. Zoned for General Retail (GR), this expansive tract offers considerable potential for a wide range of development projects. Its prime location within Amarillo's city limits ensures easy access to major transportation routes and established infrastructure. The property's size and zoning make it particularly well-suited for multi-family or residential developments, catering to the growing demand for housing in the area. Furthermore, the ample space is also highly attractive to contractors and builders requiring substantial land for various projects. This is a rare opportunity to acquire a large, versatile commercial lot in a thriving Texas city. The asking price is $645,000. Don't miss this chance to secure a valuable asset with significant future growth potential. The property's coordinates are 35.2364035 latitude and -101.8417403 longitude.

    Property Features for 0 24Th Ave

    General Information

    Property type
    Land
    Lot Size
    387,684 SF

    HighLights

    • 325‑foot frontage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.8417403
    Latitude
    35.2364035

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    FAQs

    What type of property is this?
    Land - 8.9 Acres, Ideal for Development
    Where is this land located?
    The property is located at 24Th Ave Amarillo, TX.
    What is the asking price?
    The asking price for this property is $645,000.
    What are key features of this property?
    This property features: 325-foot frontage.; ;
    (806) 373-3111
    Request Owner's contact information
    24Th Ave Amarillo, TX 79107
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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
    24Th Ave Amarillo, TX 79107
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