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    5993 Georgia St Amarillo, TX 79110

    For Sale
    $522,750

    Prime Amarillo retail lots, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    Exceptional investment opportunity awaits at two prime retail land parcels situated at the intersection of 58th and Georgia Streets in Amarillo, Texas. These fee simple lots, totaling approximately 43,560 to 44,856 square feet each, are zoned for retail use and priced competitively at $12 per square foot. The properties boast a highly desirable location within a thriving commercial area, surrounded by established businesses such as Walmart Neighborhood Market, Little Caesars, and Anytime Fitness. The strategic placement near the intersection of 58th and Georgia Streets ensures high visibility and accessibility, making it an ideal location for a variety of retail ventures. Furthermore, the proximity to major thoroughfares, including Interstate 27 and Loop 335 (within 2 miles), provides convenient access for customers and employees. The lots share a common driveway and approach, enhancing functionality and convenience. Anticipated development in the immediate vicinity, including the upcoming arrival of Chick-fil-A, Starbucks, and McDonald's, further underscores the significant growth potential of this investment. This is a rare opportunity to acquire prime retail land in a rapidly developing area of Amarillo, Texas, offering substantial returns for discerning investors. The properties are located in Randall County, Texas, with addresses at 5993 S Georgia St, Amarillo, TX 79110 and 5800 S Georgia St, Amarillo, TX 79118. The asking price for each lot is $522,750.

    Property Features for 5993 Georgia St

    General Information

    Property type
    Land

    HighLights

    • Two contiguous 1‑acre parcels with shared access.
    • Excellent highway access, within 2 miles of I‑27 and Loop 335.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.86609129262
    Latitude
    35.147459263192

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    FAQs

    What type of property is this?
    Land - Prime Amarillo retail lots, high traffic area.
    Where is this land located?
    The property is located at 5993 Georgia St Amarillo, TX.
    What is the asking price?
    The asking price for this property is $522,750.
    What are key features of this property?
    This property features: Two contiguous 1-acre parcels with shared access.; Excellent highway access, within 2 miles of I-27 and Loop 335.;
    (806) 236-3736
    Request Owner's contact information
    5993 Georgia St 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
    5993 Georgia St Amarillo, TX 79110
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