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    5551 Amarillo Blvd Amarillo, TX 79106

    For Sale
    $899,000

    7.6 Acres, High Traffic, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 7.6-acre commercial land parcel presents a remarkable investment opportunity in Amarillo, Texas. Strategically located at the intersection of West Amarillo Boulevard and Gem Lake Road, this property boasts unparalleled visibility and accessibility, with a daily traffic count of 31,233 vehicles. Its prime location is adjacent to a United Supermarkets and surrounded by a cluster of national retailers, including Wingstop, T-Mobile, Pizza Hut, Chick-fil-A, McDonald's, Starbucks, O'Reilly Auto Parts, and Walgreens, ensuring high foot traffic and strong consumer presence. The property is zoned GR and offers convenient access via a reciprocal easement and common area drive from Gem Lake Road. While a small portion falls within a flood zone, this area serves as natural drainage for the land. The seller is willing to subdivide the property to accommodate various development needs. All utilities are readily available on-site. This location benefits from a growing residential area, making it ideal for a variety of commercial ventures. The asking price is $899,000. This is a rare opportunity to acquire a highly visible and well-situated commercial land parcel in a thriving Amarillo neighborhood.

    Property Features for 5551 Amarillo Blvd

    General Information

    Property type
    Land
    Lot Size
    331,056 SF

    HighLights

    • Seller will subdivide the property.
    • Zoned GR.
    • High traffic counts.
    • Located in a growing residential area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.899219
    Latitude
    35.2150419

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    FAQs

    What type of property is this?
    Land - 7.6 Acres, High Traffic, Prime Location
    Where is this land located?
    The property is located at 5551 Amarillo Blvd Amarillo, TX.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Seller will subdivide the property.; Zoned GR.; High traffic counts.
    Request Owner's contact information
    5551 Amarillo Blvd Amarillo, TX 79106
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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
    5551 Amarillo Blvd Amarillo, TX 79106
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