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    5840 Amarillo Blvd Amarillo, TX 79106

    For Sale
    $1,513,013

    2.48 Acres, High Visibility, Retail Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 2.48-acre commercial lot is ideally situated on West Amarillo Boulevard in Amarillo, Texas, within Potter County, zip code 79106. Its prime location offers unparalleled visibility and accessibility, making it perfect for a variety of retail developments. The property's strategic positioning ensures high traffic volume and exposure to a large customer base. Zoned for commercial use, this lot presents a unique opportunity for businesses seeking a high-impact location. The asking price is $1,513,013. This land parcel is ready for immediate development, capitalizing on the Amarillo area's growth and presenting a strong return on investment. The property's ample space allows for significant flexibility in design and construction, catering to a wide range of retail concepts. Don't miss this chance to secure a prominent location in a thriving market. This is Lot #4, and its potential for growth is undeniable. The property's coordinates are 35.20887137846955 latitude and -101.90340793670494 longitude. There is no broker co-op.

    Property Features for 5840 Amarillo Blvd

    General Information

    Property type
    Land
    Lot Size
    108,029 SF

    HighLights

    • $1,513,013 asking price.
    • 2.48‑acre commercial land parcel.
    • Located at 5840 W Amarillo Blvd, Amarillo, TX 79106.
    • High‑visibility location on W Amarillo Blvd with excellent accessibility.
    • Suitable for retail development.
    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
    -101.9034079367
    Latitude
    35.20887137847

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    FAQs

    What type of property is this?
    Land - 2.48 Acres, High Visibility, Retail Potential
    Where is this land located?
    The property is located at 5840 Amarillo Blvd Amarillo, TX.
    What is the asking price?
    The asking price for this property is $1,513,013.
    What are key features of this property?
    This property features: $1,513,013 asking price.; 2.48-acre commercial land parcel.; Located at 5840 W Amarillo Blvd, Amarillo, TX 79106.
    (806) 392-1118
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    5840 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
    5840 Amarillo Blvd Amarillo, TX 79106
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