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    200 Grace Ln Amarillo, TX 79124

    For Sale
    $3,148,872

    7.39 Acres, High-Visibility Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 7.39-acre commercial land parcel, located at 200-220 Grace Lane in Amarillo, Texas (79124), presents a unique investment opportunity. Situated on Amarillo Boulevard West, between Tascosa Road and Western Street, this property boasts high visibility and is surrounded by new development. The land is zoned PD (Planned Development), offering flexibility for a variety of commercial uses. The five individual lots provide distinct development options. Lots 2B and 2G are particularly attractive, featuring significant frontage on Amarillo Boulevard West: 248.9 feet and 329.51 feet respectively. Lot 2B is priced at $571,740 ($12 per square foot), while Lots 2C, 2D, and 2F are priced at $9 per square foot. Lot 2G is priced at $603,742 ($11 per square foot). The total asking price for the entire 7.39-acre property is $3,148,872. This prime location offers access to a substantial market

    Property Features for 200 Grace Ln

    General Information

    Property type
    Land
    Lot Size
    321,908 SF

    HighLights

    • Lot 2b: $12/sf, high‑visibility lot with 248.9' of frontage on Ama Blvd W.
    • Lot 2c: $9/sf.
    • Lot 2d: $9/sf.
    • Lot 2f: $9/sf.
    • Lot 2g: $11/sf, high‑visibility lot with 329.51' of frontage on Ama Blvd W.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Amarillo Speedy Commercial ... Plumbing Supply Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.898486
    Latitude
    35.219138

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    FAQs

    What type of property is this?
    Land - 7.39 Acres, High-Visibility Location
    Where is this land located?
    The property is located at 200 Grace Ln Amarillo, TX.
    What is the asking price?
    The asking price for this property is $3,148,872.
    What are key features of this property?
    This property features: Lot 2b: $12/sf, high-visibility lot with 248.9' of frontage on Ama Blvd W.; Lot 2c: $9/sf.; Lot 2d: $9/sf.
    Request Owner's contact information
    200 Grace Ln 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
    200 Grace Ln Amarillo, TX 79124
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