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    400 10Th Ave Amarillo, TX 79101

    For Sale
    $650,000

    74,923 SF Opportunity Zone Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 74,923 square foot commercial and residential land parcel presents a prime development opportunity in Amarillo's vibrant downtown core. Located at 400 SW 10th Ave, in Potter County, Texas, 79101, this CBD-zoned property offers significant potential for mixed-use projects, multi-family developments, or retail ventures. The site includes an existing 8,900 square foot, two-story building, which could be repurposed or demolished to suit the buyer's vision. Numerous incentives are available to offset development costs, including Federal and State Historic Tax Credits, Center City Facade Grants, and TIRZ property tax abatement. Further enhancing its appeal, this property is situated within an Opportunity Zone, Neighborhood Empowerment Zone, Food Desert, and a Low Income Housing Census Tract, making it eligible for Texas PACE financing. The current owner is actively working with the City of Amarillo to abate the adjacent alley, providing added development flexibility. The property's strategic location benefits from proximity to West Texas A&M University, Sharpened Iron Studios, Amarillo Sod Poodles baseball stadium, Amarillo Globe News Center, and the Amarillo Civic Center, ensuring high visibility and accessibility. A clean Phase I & II environmental report is available. Asking price: $650,000.

    Property Features for 400 10Th Ave

    General Information

    Property type
    Land

    HighLights

    • Opportunity Zone designation.
    • Suitable for commercial, residential, or mixed‑use development.
    • Eligible for Federal and State Historic Tax Credits.
    • Clean Phase I and II environmental reports.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.841912
    Latitude
    35.2043002

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    FAQs

    What type of property is this?
    Land - 74,923 SF Opportunity Zone Land
    Where is this land located?
    The property is located at 400 10Th Ave Amarillo, TX.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Opportunity Zone designation.; Suitable for commercial, residential, or mixed-use development.; Eligible for Federal and State Historic Tax Credits.
    Request Owner's contact information
    400 10Th Ave Amarillo, TX 79101
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    Amarillo, TX 79101
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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
    400 10Th Ave Amarillo, TX 79101
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