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    9000 Georgia St, Palisades, TX 79118

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    Exceptional commercial land opportunity in Amarillo, Texas, totaling 62 acres situated at the highly visible southeast corner of Loop 335 and South Georgia Street. This property offers significant frontage on both major thoroughfares: 1,936 feet on Loop 335 and 1,040 feet on South Georgia Street. The site is strategically divided into two parcels, allowing for flexible development options. One parcel encompasses 2 acres, ideally suited for retail development, boasting 295 feet of frontage on both Loop 335 and South Georgia Street, and is priced at $12 per square foot. The second parcel comprises 60 acres, perfect for industrial uses, with substantial frontage of 1,641 feet on Loop 335 and 745 feet on South Georgia Street, priced at $4 per square foot. Both parcels are available for purchase individually or together. While located outside city limits, the property benefits from convenient access to city water and sewer utilities. The seller is open to subdividing the 60-acre parcel, with pricing adjusted based on the specific use, location, and size of the subdivided lot. This prime location presents a rare opportunity for significant commercial development in a rapidly growing area. The address is 9000 S Georgia St, Amarillo, TX 79118, in Randall County.

    Property profile
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    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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    Permitted uses
    Allowed · conditional · prohibited
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