1638 12Th Ave Amarillo, TX 79107
This exceptional 14,000 square foot multi-family lot presents a remarkable investment opportunity in Amarillo, Texas. Located at 1638 & 1644 NW 12th Ave, this property boasts convenient access to essential amenities and is situated directly across the street from Carver Elementary School, offering a highly desirable location for residential development. The lot measures approximately 100 feet wide by 140 feet deep, providing ample space for a substantial multi-family project. The property is zoned for multi-family use, simplifying the development process. Existing utilities are readily available on-site, further streamlining construction. A detailed bid package is available upon request. This prime location, combined with its multi-family zoning and convenient access to utilities, makes this an exceptional opportunity for developers seeking to capitalize on the growing Amarillo real estate market. The property's proximity to Carver Elementary School adds significant appeal to potential residents. This is a rare chance to acquire a well-positioned, sizable lot in a thriving Texas community. Don't miss this chance to secure this valuable asset. The asking price is $14,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.