Current Use by Public Records
- Land
Property Details for 0 Hollywood Rd
- Lot size
- 44.05 lot acres
- Property type
- Land
Description
This exceptional 44.05-acre commercial and residential land parcel presents a unique investment opportunity in Amarillo, Texas. Strategically located on Hollywood Road in Randall County, zip code 79119, this property boasts an impressive one mile of road frontage. The land is already platted into sixteen individual commercial lots, offering flexibility for various development scenarios. A recent appraisal valued the entire property at $9,400,000 (bulk) and $12,390,000 (retail, individual lots). This listing offers a significant discount, priced at 66% of the appraised bulk value and 50% of the retail value, representing a compelling investment opportunity. The asking price is $6,215,000. While the individual lots will continue to be marketed separately, this bulk purchase presents a substantial advantage. This property is situated in a rapidly growing area of Amarillo, making it an ideal location for commercial development. Further details regarding lot availability and additional information can be obtained by contacting the office.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Randall
- State
- Texas
- Longitude
- -101.914
- Latitude
- 35.1165
