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    Smelter Rd Amarillo, TX 79124

    For Sale
    $60,000

    59 Acres, Owner Financing Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 59.44-acre commercial land parcel presents a unique investment opportunity in Amarillo, Texas. Situated at the intersection of Old Smelter Road and 24th Street, this property, identified as Section 223 A 0 Smelter Road, offers significant potential for various commercial ventures. The asking price is $60,000. The property is categorized as special purpose land and has no existing structures or units. Its location in Potter County, Texas, zip code 79124, provides convenient access to Amarillo's infrastructure and amenities. The seller is offering attractive owner-carry financing terms, requiring a 10% down payment with a fixed 12% interest rate over a 30-year period. This financing option makes this substantial land holding accessible to a wider range of investors. The property's size and strategic location make it ideal for a variety of commercial developments, subject to local zoning regulations and permitting requirements. Detailed site surveys and environmental assessments are recommended prior to any development plans. This is a rare opportunity to acquire a large tract of commercial land in a growing Texas market with flexible financing options. Coordinates for the property are 35.2316582 latitude and -101.8685791 longitude. Further due diligence is advised.

    Property Features for 0 Smelter Rd

    General Information

    Property type
    Land

    HighLights

    • 59.44‑acre commercial land parcel in Amarillo, TX, priced at $60,000.
    • Located at the intersection of Old Smelter Road and 24th Street (Section 223 A 0 Smelter Road), Potter County, TX 79124.
    • Special purpose land with no existing structures; ideal for various commercial developments (subject to zoning).
    • Owner financing available: 10% down, 12% interest over 30 years.
    • Coordinates: 35.2316582 latitude, -101.8685791 longitude.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.8685791
    Latitude
    35.2316582

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    FAQs

    What type of property is this?
    Land - 59 Acres, Owner Financing Available
    Where is this land located?
    The property is located at Smelter Rd Amarillo, TX.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: 59.44-acre commercial land parcel in Amarillo, TX, priced at $60,000.; Located at the intersection of Old Smelter Road and 24th Street (Section 223 A 0 Smelter Road), Potter County, TX 79124.; Special purpose land with no existing structures; ideal for various commercial developments (subject to zoning).
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    Amarillo, TX 79124
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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
    Smelter Rd Amarillo, TX 79124
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