224 A Old Smelter Amarillo, TX 79119
This exceptional investment opportunity presents 106.7 acres of commercial land situated off Old Smelter Road in Amarillo, Texas, zip code 79119. The property, identified as SECT 224 A Old Smelter, is designated as special purpose land and offers significant potential for various commercial developments. Currently, there are no existing buildings or units on the site. The asking price for this expansive tract is $106,000. A compelling feature of this offering is the seller's willingness to provide owner financing. The proposed terms include a 10% down payment and a fixed interest rate of 12% over a 30-year amortization period. This attractive financing option makes this property accessible to a wider range of investors. The property's location in Potter County, Texas, offers convenient access to Amarillo's infrastructure and amenities. Prospective buyers should conduct their own due diligence to assess the suitability of this land for their specific commercial development plans. The combined acreage with parcels 24-1282 and 24-1745 (if acquired) significantly increases the overall development potential. This is a rare opportunity to acquire a substantial land parcel in a growing Texas market with flexible financing options.
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.