0 Pilgrim Dr Amarillo, TX 79118
This exceptional 4.12-acre commercial land parcel in Amarillo, Texas, presents a remarkable investment opportunity. Priced at $2,692,008, or $15 per square foot, this property boasts a highly desirable location with frontage on both Pilgrim Drive (242.50 feet) and First United Parkway (740.52 feet), offering convenient access to Soncy and SW 45th. The site is zoned GR - General Retail, allowing for a wide range of commercial uses. City water and sewer services are readily available. Situated in a rapidly growing area, this land benefits from strong demographics and is ideally positioned at the entrance to The Colonies, a thriving commercial development. Nearby established businesses include Kia of Amarillo, Academy Sports & Outdoors, Baskin-Robbins, Street Toyota, McGavock Nissan, First United Bank, and Toot N' Totum, among others. The seller will consider dividing the property, with pricing contingent upon the size, location, and intended use of the subdivided parcels. This presents a unique chance to acquire a prime retail site in a dynamic Amarillo market. The property is located in Potter County, Texas, with a zip code of 79118.
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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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.