500 Amarillo Blvd Amarillo, TX 79107
- Commercial real estate
- 902 SF
- 0.30 lot acres
Current Use by Public Records
- Amarillo Confederate Heroes Park / City Park
Property Details for 500 Amarillo Blvd
- Year built
- 1977
- Lot size
- 0.30 lot acres
- Property size
- 902 SF
- Zone code
- LC
- Property type
- Commercial real estate
- APN
- R-014-2600-0600
- APU
- R01426000600
Description
This exceptional 2.04-acre commercial lot at 500 W Amarillo Boulevard in Amarillo, Texas presents a rare opportunity. Located within city limits, this expansive parcel offers significant advantages for developers and investors. Its strategic position near a major highway ensures high visibility and convenient access, making it ideal for a wide range of commercial ventures. The property boasts a substantial 2,142 square feet of buildable space, providing ample room for new construction. A key benefit is the already cleared land, eliminating the need for extensive site preparation, saving both time and money. The proximity to buildings undergoing significant renovations further underscores the area's revitalization and growth potential. This presents a unique chance to capitalize on the upward trajectory of this promising Amarillo location. The property is being offered at $300,000. Serious inquiries only. Please respect the "No Trespassing" signs and do not enter the property without proper authorization.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $375,000
- 6.5%
- $340,000
- 7%
- $335,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $370,000
- Geo Method
- $375,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $390,000
- Retail
- $300,000
- Mixed-Use
- $300,000
- Hospitality
- $390,000
- Educational
- $380,000
- Residential Income
- $355,000
- Energy
- $400,000
- Income-Based Land
- $370,000
- Food Service
- $305,000
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Potter
- State
- Texas
- Longitude
- -101.84
- Latitude
- 35.2227
- CBSA code
- 11100
- CBSA name
- AMARILLO, TX METROPOLITAN STATISTICAL AREA
