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    Forest St Amarillo, TX 79106

    Sponsored
    For Sale
    $1,850,000

    52.5 Acres, Zoned & Approved

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 52.5-acre land parcel in Amarillo, Texas, presents a remarkable investment opportunity. Located at 1806 N Forest St, 79106, in Potter County, this property is already zoned and approved for development as a mobile home park, offering immediate potential for high yield with up to 380 spaces. City utilities are readily available, maximizing efficiency and minimizing infrastructure costs. The asking price is $1,850,000, translating to a land value of $35,000 per acre. The property's strategic location within Amarillo offers significant advantages. The surrounding area boasts a substantial population base, exceeding 116,000 residents within a 5-mile radius, with an average household income of $58,999, creating a strong demand for affordable housing options. The seller is open to considering subdivision proposals, providing flexibility for various development plans. This property presents a unique opportunity to capitalize on the current zoning for a mobile home park or explore alternative uses such as single-family or multifamily affordable housing, potentially leveraging tax credit programs to enhance profitability. The property's size and location make it an ideal investment for developers and investors seeking high-return opportunities in a growing market. This is a blank canvas ready for a profitable venture.

    Property Features for 0 Forest St

    General Information

    Property type
    Land
    Lot Size
    2,286,900 SF

    HighLights

    • $1,850,000 asking price for 52.5 acres of land zoned for a mobile home park.
    • Located in Amarillo, Potter County, Texas, at 1806 N Forest St, 79106.
    • $35,000 per acre land value.
    • City utilities available.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.8817833
    Latitude
    35.2245615

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    FAQs

    What type of property is this?
    Land - 52.5 Acres, Zoned & Approved
    Where is this land located?
    The property is located at Forest St Amarillo, TX.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: $1,850,000 asking price for 52.5 acres of land zoned for a mobile home park.; Located in Amarillo, Potter County, Texas, at 1806 N Forest St, 79106.; $35,000 per acre land value.
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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
    Forest St Amarillo, TX 79106
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