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    Research And Fleming Amarillo, TX 79124

    For Sale
    Contact for pricing

    1.45 Acres, Medical District, $12/SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 1.45-acre commercial land parcel presents a prime investment opportunity in Amarillo, Texas. Located in the vibrant Medical District at the intersection of Research Street and Fleming Avenue, this property is zoned O-1, offering significant development potential. The land's strategic location provides easy access to major thoroughfares and a high concentration of medical facilities, making it ideal for a variety of commercial uses. With a land value of $12 per square foot, this represents a compelling price point for investors seeking a foothold in a rapidly growing area. The property's 1.45-acre size allows for substantial development flexibility, catering to projects ranging from medical offices and clinics to related support businesses. Potter County's robust economy and the continued expansion of the Amarillo medical sector further enhance the long-term value proposition of this exceptional land offering. The property's address is Research and Fleming, Amarillo, TX 79124. Detailed site plans and zoning information are readily available upon request. This is a rare opportunity to acquire a significant commercial land parcel in a high-demand location. Don't miss out on this chance to capitalize on the growth potential of Amarillo's thriving Medical District.

    Property Features for 0 Research And Fleming

    General Information

    Property type
    Land
    Lot Size
    63,162 SF

    HighLights

    • 1.45‑acre commercial land parcel in Amarillo, Texas.
    • Located in Potter County, at the intersection of Research and Fleming.
    • Zoned O‑1.
    • Land value: $12 per square foot.
    • Situated in Amarillo's Medical District.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.9576317
    Latitude
    35.2552151

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    FAQs

    What type of property is this?
    Land - 1.45 Acres, Medical District, $12/SF
    Where is this land located?
    The property is located at Research And Fleming Amarillo, TX.
    What are key features of this property?
    This property features: 1.45-acre commercial land parcel in Amarillo, Texas.; Located in Potter County, at the intersection of Research and Fleming.; Zoned O-1.
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    Research And Fleming Amarillo, TX 79124
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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
    Research And Fleming Amarillo, TX 79124
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