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    Plum Creek Dr Amarillo, TX 79124

    For Sale
    $1,585,584

    Prime Amarillo location, retail/multifamily potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 10.4-acre commercial land parcel presents a unique investment opportunity in Amarillo, Texas. Located on Plum Creek Drive, just east of Tascosa Road, this property boasts convenient access to major thoroughfares like Tascosa Road and Amarillo Boulevard. The site is strategically positioned adjacent to a Tractor Supply store and benefits from existing utilities. The property's PD (Planned Development) zoning allows for versatile development options, including general retail and multifamily projects. This prime location offers excellent demographics, with close proximity to Harrington Regional Medical Center, The Woodlands, Tascosa Country Club, and La Paloma. The land is situated in a rapidly growing area, adjacent to significant developments along Tascosa Road and Amarillo Boulevard. Given its size and zoning, the seller is open to considering the possibility of dividing the property. This presents a compelling opportunity for developers seeking a strategic location with high growth potential in a thriving Amarillo market. The asking price is $1,585,584, with a land value of $3.50 per square foot. The property is located in Potter County, Texas, zip code 79124.

    Property Features for 0 Plum Creek Dr

    General Information

    Property type
    Land
    Lot Size
    453,024 SF

    HighLights

    • Zoned for retail or multifamily use.
    • Seller open to subdividing the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.9074962
    Latitude
    35.2147385

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    FAQs

    What type of property is this?
    Land - Prime Amarillo location, retail/multifamily potential.
    Where is this land located?
    The property is located at Plum Creek Dr Amarillo, TX.
    What is the asking price?
    The asking price for this property is $1,585,584.
    What are key features of this property?
    This property features: Zoned for retail or multifamily use.; Seller open to subdividing the property.;
    (806) 373-3111
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    Plum Creek Dr 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
    Plum Creek Dr Amarillo, TX 79124
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