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    2421 Commerce St Amarillo, TX 79109

    For Sale
    $175,000

    20-Acre Lot, L-1 Zoning, $175,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 20.4-acre commercial land parcel presents a unique investment opportunity in Amarillo, Texas. Located at 2421 Commerce Street, in Potter County, zip code 79109, this property boasts significant frontage—170 feet—on Commerce Street and a depth of 120 feet. The expansive lot is zoned L-1, allowing for a wide range of commercial uses. The strategic location benefits from the presence of established businesses in the immediate vicinity, including Texas Blue Lake Pools directly across the street and a dental practice to the north. This prime location offers excellent visibility and accessibility, making it ideal for a variety of commercial ventures. The asking price for this substantial property is $175,000. With its size, zoning, and advantageous location, this land parcel represents a compelling opportunity for developers and investors seeking a foothold in the thriving Amarillo market. The property's coordinates are 35.186097510345384 latitude and -101.8827911920623 longitude.

    Property Features for 2421 Commerce St

    General Information

    Property type
    Land
    Lot Size
    888,624,000 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.88279119206
    Latitude
    35.186097510345

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    FAQs

    What type of property is this?
    Land - 20-Acre Lot, L-1 Zoning, $175,000
    Where is this land located?
    The property is located at 2421 Commerce St Amarillo, TX.
    What is the asking price?
    The asking price for this property is $175,000.
    (806) 736-8235
    Request Owner's contact information
    2421 Commerce St Amarillo, TX 79109
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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
    2421 Commerce St Amarillo, TX 79109
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