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    5700 Georgia St Amarillo, TX 79110

    For Sale
    Contact for pricing

    Prime Amarillo retail land, high traffic, $6.50/SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 3.728-acre commercial land parcel presents a remarkable investment opportunity in Amarillo, Texas. Situated at the highly visible northwest corner of 58th and Georgia Streets, this property boasts excellent frontage on both streets, ensuring maximum exposure. The land is zoned GR - General Retail, allowing for a wide range of commercial development possibilities. Its strategic location places it directly adjacent to a cluster of thriving businesses, including Chick-fil-A, Dollar Tree, Pak-A-Sak, OVR EZE, Joe Taco, Little Caesars, and Anytime Fitness. The area also benefits from the proximity of major retail anchors such as Walmart Neighborhood Grocery, Starbucks, McDonald's, and Domino's Pizza, ensuring high foot traffic and consumer visibility. Furthermore, the property is surrounded by established residential neighborhoods and several multifamily complexes, providing a substantial and readily accessible customer base. The asking price is $6.50 per square foot, totaling $1,056,112.20. This prime location, coupled with its excellent zoning and surrounding amenities, makes this property an ideal investment for developers seeking a high-impact commercial venture in a rapidly growing area of Amarillo, Randall County, Texas, zip code 79110.

    Property Features for 5700 Georgia St

    General Information

    Property type
    Land
    Lot Size
    162,392 SF

    HighLights

    • 3.728‑acre commercial land parcel in Amarillo, TX.
    • Zoned GR - General Retail.
    • $6.50/SF land value, totaling $1,056,112.20.
    • Located at the highly visible NW corner of 58th & Georgia Streets, offering excellent access and frontage on both streets.
    • Prime location near major retailers including Chick‑fil‑A, Dollar Tree, Walmart Neighborhood Market, and numerous restaurants.
    • Situated amongst established residential neighborhoods and multifamily complexes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Joe Taco on Georgia Tex-Mex Restaurant OVR-EZE Breakfast Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.8668991
    Latitude
    35.1505979

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    FAQs

    What type of property is this?
    Land - Prime Amarillo retail land, high traffic, $6.50/SF
    Where is this land located?
    The property is located at 5700 Georgia St Amarillo, TX.
    What are key features of this property?
    This property features: 3.728-acre commercial land parcel in Amarillo, TX.; Zoned GR - General Retail.; $6.50/SF land value, totaling $1,056,112.20.
    (806) 373-3111
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    5700 Georgia St Amarillo, TX 79110
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    Amarillo, TX 79110
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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
    5700 Georgia St Amarillo, TX 79110
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