5595 Plum Creek Dr Amarillo, TX 79124
This exceptional 9.09-acre commercial land parcel in Amarillo, Texas, presents a remarkable investment opportunity. Located at 5595 Plum Creek Dr., in Potter County, zip code 79124, this unimproved property is ideally situated in Northwest Amarillo, strategically positioned between two burgeoning residential communities. Its Commercial zoning allows for diverse development possibilities, including multi-family housing, a retirement center, or a mixed-use project. The asking price is $1,050,000, translating to a land value of $2.65 per square foot. The property's significant size and convenient access from Amarillo Boulevard or Tascosa Road enhance its appeal. Furthermore, the flexibility to divide the land into smaller parcels provides added development potential, catering to a wider range of projects and investors. This prime location and versatile zoning make this a highly attractive proposition for developers seeking a substantial land holding in a rapidly growing area of Amarillo.
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
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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.