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OFF-MARKET
Specialty properties

0 Smelter Rd Amarillo, TX 79124

Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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