0 Plum Creek Dr Amarillo, TX 79124
This exceptional 10.4-acre commercial land parcel presents a unique investment opportunity in Amarillo, Texas. Located on Plum Creek Drive, just east of Tascosa Road, this property boasts convenient access to major thoroughfares like Tascosa Road and Amarillo Boulevard. The site is strategically positioned adjacent to a Tractor Supply store and benefits from existing utilities. The property's PD (Planned Development) zoning allows for versatile development options, including general retail and multifamily projects. This prime location offers excellent demographics, with close proximity to Harrington Regional Medical Center, The Woodlands, Tascosa Country Club, and La Paloma. The land is situated in a rapidly growing area, adjacent to significant developments along Tascosa Road and Amarillo Boulevard. Given its size and zoning, the seller is open to considering the possibility of dividing the property. This presents a compelling opportunity for developers seeking a strategic location with high growth potential in a thriving Amarillo market. The asking price is $1,585,584, with a land value of $3.50 per square foot. The property is located in Potter County, Texas, zip code 79124.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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