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    and Hastings Land River Rd Amarillo, TX 79107

    For Sale
    $485,000

    11-Acre Tract, Prime Location, $485K

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 11.08-acre property in Amarillo, Texas, presents a unique investment opportunity. Strategically located at the intersection of River Road and Hastings, this land boasts significant frontage on both major thoroughfares, measuring approximately 275 feet on River Road and 310 feet on Hastings. The property's zoning allows for a blend of retail and residential development, offering considerable flexibility for future projects. A substantial portion, 8.04 acres, is zoned for General Retail, while the remaining 3.04 acres are designated for Residential use. This advantageous zoning, coupled with the high-traffic location, makes it ideal for a variety of commercial and residential ventures. The property enjoys convenient utility access from both River Road and Hastings. Its prime location is further enhanced by its proximity to established businesses and residential communities, including United Supermarkets, Mariposa senior living (96 units), and Cypress Creek Apartment Homes (156 units). The asking price is $485,000, translating to an average of $1.00 per square foot. This represents a compelling value proposition given the property's size, zoning, and strategic location in a thriving Amarillo neighborhood. The property is situated in Potter County, Texas, with a zip code of 79107.

    Property Features for and Hastings Land River Rd

    General Information

    Property type
    Land
    Lot Size
    482,645 SF

    HighLights

    • $485,000 asking price for 11.08 acres of land.
    • General Retail and Residential zoning permitted.
    • Prime location at the intersection of River Rd. and Hastings in Amarillo, TX, near high‑traffic areas, United Supermarkets, and multi‑family residential communities.
    • Approximately 275' of River Rd. frontage and 310' of Hastings frontage.
    • Utility access available on both River Rd. and Hastings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.8093583
    Latitude
    35.2374293

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    FAQs

    What type of property is this?
    Land - 11-Acre Tract, Prime Location, $485K
    Where is this land located?
    The property is located at and Hastings Land River Rd Amarillo, TX.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: $485,000 asking price for 11.08 acres of land.; General Retail and Residential zoning permitted.; Prime location at the intersection of River Rd. and Hastings in Amarillo, TX, near high-traffic areas, United Supermarkets, and multi-family residential communities.
    (806) 373-3111
    Request Owner's contact information
    and Hastings Land River Rd Amarillo, TX 79107
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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
    and Hastings Land River Rd Amarillo, TX 79107
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