Farmers Ave Amarillo, TX 79118
This exceptional 2.43-acre commercial lot presents a remarkable investment opportunity in Amarillo, Texas. Boasting 328 feet of frontage on Farmers Avenue and a depth of approximately 323 feet, this property offers significant visibility and accessibility. Strategically located on the edge of the established City View and Saturn neighborhoods, it benefits from easy access via Western or Georgia streets. The area is experiencing rapid growth and development, making this a prime location for a variety of commercial ventures. The property's location is east of the 287 Body Shop on Farmers Avenue and adjacent to the intersection of Georgia and Farmers Avenues. Please note that a new survey will be required to determine the legal description prior to closing. The asking price is $846,800, reflecting a price of $8 per square foot. An additional 3.0 acres are available through a separate listing (MLS# 24-10161), providing the potential for a larger development footprint totaling 5.43 acres. This presents a unique chance to acquire a substantial parcel of land in a thriving Amarillo commercial corridor. The buyer is responsible for conducting their own due diligence regarding zoning and permitted uses.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.