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    8801 Hollywood Rd Amarillo, TX 79119

    Sponsored
    For Sale
    $879,912

    Prime 1-acre commercial lot, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 1.01-acre commercial land parcel, located at 8801 W Hollywood Rd in Amarillo, Texas (79119), presents a unique investment opportunity. Priced at $879,912, this property offers significant potential for various commercial ventures. The lot boasts dimensions of 200 feet wide by 251.46 feet deep, totaling approximately 30,000 square feet, with a land value of $20 per square foot. Situated in Randall County, outside city limits (OCL zoning), this property benefits from convenient curb cut access and readily available utilities. Its strategic location on Hollywood Road, just west of the future Loop 335/Soncy Interchange, ensures high visibility and accessibility. The property is adjacent to a Toot N' Totum convenience store, providing further advantages in terms of foot traffic and commercial synergy. Please note that a deed restriction is in place prohibiting the establishment of a mini-storage business on this site. This prime location and readily available infrastructure make this an ideal site for a variety of commercial developments.

    Property Features for 8801 Hollywood Rd

    General Information

    Property type
    Land
    Lot Size
    43,996 SF

    HighLights

    • High‑traffic location adjacent to Toot N' Totum.
    • No mini‑storage allowed per deed restriction.
    • Generous 0.99‑acre lot (200' x 251.46').
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.9396140967
    Latitude
    35.117146663634

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    FAQs

    What type of property is this?
    Land - Prime 1-acre commercial lot, excellent location.
    Where is this land located?
    The property is located at 8801 Hollywood Rd Amarillo, TX.
    What is the asking price?
    The asking price for this property is $879,912.
    What are key features of this property?
    This property features: High-traffic location adjacent to Toot N' Totum.; No mini-storage allowed per deed restriction.; Generous 0.99-acre lot (200' x 251.46').
    (806) 373-3111
    Request Owner's contact information
    8801 Hollywood Rd Amarillo, TX 79119
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    Amarillo, TX 79119
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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
    8801 Hollywood Rd Amarillo, TX 79119
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