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OFF-MARKET
Land

0 Land In Amarillo Amarillo, TX 79101

10 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 10-acre commercial land parcel in Amarillo, Texas, presents a unique investment opportunity. Located in Potter County, near the intersection of S. Georgia Street between 58th and Farmers, this property is ideally situated for significant development. The land has already undergone site preparation, with fill and blading to bring it up to flood zone level. All essential utilities—power, water, and sewer—are readily available. While currently un-annexed to the City of Amarillo, this location benefits from its proximity to a rapidly expanding area experiencing substantial residential and commercial growth extending from 45th Ave. to the Loop. The property is zoned for a mix of residential and commercial development, offering flexibility for various projects. The seller prefers to sell the entire 10 acres as a single unit. A significant advantage is the planned widening of S. Georgia Street from two lanes to four, including a turning lane, further enhancing accessibility and value. The asking price is $2,999,999.99, representing a land value of $7 per square foot. Noteworthy is the nearby industrial park, currently experiencing significant development with several new businesses either operational or under construction. This area shows strong evidence of recent and ongoing growth, making this a compelling investment for developers seeking a prime location with excellent infrastructure and future potential. The zip code is 79101.

Property profile
Verified
Property type Land
Lot 10 ac (435,600 SF)
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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