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    Pilgrim Dr Amarillo, TX 79118

    For Sale
    $2,692,008

    4.12 Acres, Prime Retail Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 4.12-acre commercial land parcel in Amarillo, Texas, presents a remarkable investment opportunity. Priced at $2,692,008, or $15 per square foot, this property boasts a highly desirable location with frontage on both Pilgrim Drive (242.50 feet) and First United Parkway (740.52 feet), offering convenient access to Soncy and SW 45th. The site is zoned GR - General Retail, allowing for a wide range of commercial uses. City water and sewer services are readily available. Situated in a rapidly growing area, this land benefits from strong demographics and is ideally positioned at the entrance to The Colonies, a thriving commercial development. Nearby established businesses include Kia of Amarillo, Academy Sports & Outdoors, Baskin-Robbins, Street Toyota, McGavock Nissan, First United Bank, and Toot N' Totum, among others. The seller will consider dividing the property, with pricing contingent upon the size, location, and intended use of the subdivided parcels. This presents a unique chance to acquire a prime retail site in a dynamic Amarillo market. The property is located in Potter County, Texas, with a zip code of 79118.

    Property Features for 0 Pilgrim Dr

    General Information

    Property type
    Land
    Lot Size
    179,467 SF

    HighLights

    • $2,692,008 asking price for 4.12 acres of commercial land.
    • Located in Amarillo, Texas, zoned GR‑General Retail.
    • Land price: $15 per square foot.
    • Excellent access and city utilities available.
    • Situated in a rapidly growing area near major retailers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.9359996927
    Latitude
    35.158136333461

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    FAQs

    What type of property is this?
    Land - 4.12 Acres, Prime Retail Location
    Where is this land located?
    The property is located at Pilgrim Dr Amarillo, TX.
    What is the asking price?
    The asking price for this property is $2,692,008.
    What are key features of this property?
    This property features: $2,692,008 asking price for 4.12 acres of commercial land.; Located in Amarillo, Texas, zoned GR-General Retail.; Land price: $15 per square foot.
    (806) 373-3111
    Request Owner's contact information
    Pilgrim Dr Amarillo, TX 79118
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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
    Pilgrim Dr Amarillo, TX 79118
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