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    Amarillo, TX 79124

    For Sale
    $1,695,000

    Prime 5-acre pad site, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 5-acre commercial land parcel presents a unique investment opportunity in Amarillo, Texas. Strategically located on I-40 West, just west of Loop 335, this property boasts unparalleled visibility and accessibility. With approximately 385 feet of frontage and a depth of 530 feet, the site offers ample space for development. Situated outside city limits, this location provides flexibility in building design and construction, minimizing potential zoning restrictions. The property benefits from its proximity to established businesses, including Camping World, and is ideally positioned within Amarillo's rapidly expanding western corridor, experiencing significant growth in residential, retail, hotel, and multifamily developments. Daily traffic counts on I-40 at this location average 32,166 vehicles (TXDOT 2020 data), ensuring high exposure for any future development. The asking price for this prime commercial land is $1,695,000. This property is zoned for commercial use and is located in Potter County, Texas, with a 79124 zip code. The coordinates are 35.1868796 latitude and -101.933176 longitude. Don't miss this chance to capitalize on Amarillo's thriving commercial market.

    Property Features for 0

    General Information

    Property type
    Land
    Lot Size
    217,800 SF

    HighLights

    • 5‑acre commercial land parcel in Amarillo, TX, ideal for development.
    • High visibility location on I‑40 West, just west of Loop 335, with 385 ft frontage and 530 ft depth.
    • Outside city limits, offering flexible building design and minimal zoning restrictions.
    • High traffic count (32,166 vehicles daily on I‑40).
    • Asking price: $1,695,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.933176
    Latitude
    35.1868796

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    FAQs

    What type of property is this?
    Land - Prime 5-acre pad site, high visibility.
    Where is this land located?
    The property is located at Amarillo, TX.
    What is the asking price?
    The asking price for this property is $1,695,000.
    What are key features of this property?
    This property features: 5-acre commercial land parcel in Amarillo, TX, ideal for development.; High visibility location on I-40 West, just west of Loop 335, with 385 ft frontage and 530 ft depth.; Outside city limits, offering flexible building design and minimal zoning restrictions.
    (806) 373-3111
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    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
    Amarillo, TX 79124
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