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Property profile & analytics
OFF-MARKET
Land

1275 Western St Amarillo, TX 79124

Property ID
Property summary
AI-generated overview

This exceptional commercial land opportunity in Amarillo, Texas, presents a unique investment prospect. Located at 1275 N Western St, Amarillo, TX 79124, this property boasts a lot size ranging from 17,000 to 40,000 square feet and is zoned for commercial use. Situated within Potter County, the land is ideally positioned amongst medium-to-high-income neighborhoods, including the Trails of Tascosa and established communities like Tascosa Golf Club, La Paloma, and Westcliff. The site benefits from its proximity to a newly constructed fitness center, serving as an anchor tenant for this premier retail center. Projected growth in the area's medium income is substantial, with expectations of a 40% increase in the coming years. Development is simplified with the inclusion of all necessary infrastructure: parking lots, landscaping, lighting, curbs, sidewalks, and utilities are all provided by the developer, making the pad sites construction-ready. Additional features include green spaces accessible to some pad sites, golf cart accessibility from the neighborhood, and architectural deed restrictions ensuring aesthetic uniformity. The location enjoys high visibility, with 17,000 daily vehicles passing on Amarillo Boulevard just 0.4 miles away. Furthermore, the property's proximity to downtown Amarillo (4 miles) and the hospital district (4 miles) enhances its appeal. Finally, the property's maintenance is handled by the groundskeeping staff of the adjacent Tascosa Golf Club.

Property profile
Verified
Property type Land
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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