58 58Th Ave Amarillo, TX 79118
This exceptional 552-acre commercial land parcel presents a unique development opportunity in Amarillo, Texas, located at the strategic intersection of SE 58th and S Grand Streets in Randall County (zip code 79118). Zoned AG - Agricultural, this property offers significant potential for various commercial ventures. The asking price is $12,144,000, translating to $22,000 per acre. A key feature is the dual street access provided by the seller retaining the frontage up to 600 feet deep, offering two convenient entry points for enhanced site planning and development flexibility. This strategic location is just one mile south of the heavily trafficked intersection of SE 34th and Grand Streets, ensuring excellent visibility and accessibility. The property's location outside city limits may offer potential regulatory and tax advantages. Furthermore, its proximity to amenities such as the Comanche Trail Golf Course and Rick Klein Baseball Park adds to its appeal, enhancing the recreational value for potential businesses and their employees. This property is well-suited for businesses seeking a combination of accessibility, strategic location, and proximity to recreational facilities. The property's size and location make it an attractive investment for developers seeking a large-scale project in a growing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.