0 Forest St Amarillo, TX 79106
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.
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.