Current Use by Public Records
- Land
Property Details for 0 Forest St
- Lot size
- 52.50 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 52.5-acre land parcel in Amarillo, Texas, presents a remarkable investment opportunity. Located at 1806 N Forest St, 79106, in Potter County, this property is already zoned and approved for development as a mobile home park, offering immediate potential for high yield with up to 380 spaces. City utilities are readily available, maximizing efficiency and minimizing infrastructure costs. The asking price is $1,850,000, translating to a land value of $35,000 per acre. The property's strategic location within Amarillo offers significant advantages. The surrounding area boasts a substantial population base, exceeding 116,000 residents within a 5-mile radius, with an average household income of $58,999, creating a strong demand for affordable housing options. The seller is open to considering subdivision proposals, providing flexibility for various development plans. This property presents a unique opportunity to capitalize on the current zoning for a mobile home park or explore alternative uses such as single-family or multifamily affordable housing, potentially leveraging tax credit programs to enhance profitability. The property's size and location make it an ideal investment for developers and investors seeking high-return opportunities in a growing market. This is a blank canvas ready for a profitable venture.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Potter
- State
- Texas
- Longitude
- -101.882
- Latitude
- 35.2246
