Current Use by Public Records
- Land
Property Details for 5505 Gem Lake Rd
- Lot size
- 3.08 lot acres
- Property type
- Land
Description
This exceptional 3.08-acre commercial land parcel presents a remarkable investment opportunity in Amarillo, Texas. Located at 5505 Gem Lake Rd, this property boasts 422 feet of prime frontage on Gem Lake Rd, offering unparalleled visibility and accessibility. Its strategic location, just off Bell Street, places it within a thriving commercial district, surrounded by established businesses such as United Supermarkets, Walgreens, Pizza Hut, and First Bank Southwest. This ensures high foot traffic and strong business synergy, creating an ideal environment for a variety of retail or service-based developments. The C1 zoning permits a wide range of commercial uses. The land is unimproved, providing flexibility for custom development. Further enhancing its appeal is a dedicated sign lot, providing additional advertising opportunities for maximum exposure. Priced at $804,989, with a land value of $6 per square foot, this property represents a compelling investment in a rapidly growing area of Amarillo, Potter County, Texas, zip code 79106. Don't miss this chance to secure a prime location in a bustling commercial hub.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Potter
- State
- Texas
- Longitude
- -101.898
- Latitude
- 35.2126
