80 Acres Development
For Sale
Contact for pricing
0 E FM 1151, Amarillo, TX 79118
Agricultural property suitable for residential, commercial, or industrial development.
Property SizeContact for details
Lot Size80.00 Acres
Days on Market711
Property Features for 0 E FM 1151
General Information
Standard status
Active
Lot size
80.00 Acres
Property subtype
Industrial, Land, Mixed Use, Multifamily, Self Storage
Zoning
Agriculture
Investment Type
Owner/User
Listing Agency:
USA Land and Ranch LLC
(806) 680-1289
Listed By:
Dirk van Reenen · License #TX 9007976 TX 631219
Source:
Crexi
Added: Sep 12, 2024
Changed: Aug 14
Last Checked: Aug 14 at 5:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of USA Land and Ranch LLC
Investment Insights
Based on property information with market context.
This 80-acre agricultural property presents a development opportunity in a rapidly growing area. The location is suitable for a housing addition with 1-acre, 2.5-acre, or 5-acre tracts, and it features commercial property frontage on the road, potentially serving nearby neighborhoods. The property could also be used for light industrial development or continued farming under crop production. It is also an ideal location for solar electricity generation due to its proximity to a high electric line. Situated opposite the Lake Tangle Wood and River Falls residential communities, the property benefits from the desirability of the surrounding area. The seller is open to financing options with a down payment and subsequent payments over a period of 36 months, with interest calculated at 6% paid monthly. The seller is willing to cut the 7 acres out where the barn and corrals are and sell 80 acres unless buyer insists on all 87 acres. Water is abundant in the area, allowing for well installation, and electricity is accessible on the roadway. The property could also serve as a small nuclear electric generation property or a Data Center.
Key Highlights
- Prime location ideal for residential development on 1‑5 acre tracts, near Lake Tangle Wood and River Falls.
- Seller financing available: 1/3 down, flexible terms (18 months for each subsequent 1/3).
- Potential for commercial development with road frontage in fast‑growing neighborhoods.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 79118, TX
27,608
Population
11,116
Households
2.5
Avg Household Size
35
Median Age
25%
College-Educated
92%
High-School Grad
159.4 sq mi
ZIP Area
173
Density / Sq Mi
$87,011
Median Household Income
$44,141
Median Earnings
$1,328
Median Rent
$224,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Agricultural land / Farmland - Agricultural property suitable for residential, commercial, or industrial development.
Where is this agricultural land / farmland located?
The property is located at 0 E FM 1151 Amarillo, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Prime location ideal for residential development on 1‑5 acre tracts, near Lake Tangle Wood and River Falls.; Seller financing available: 1/3 down, flexible terms (18 months for each subsequent 1/3).; Potential for commercial development with road frontage in fast‑growing neighborhoods.
