3601 NE 24Th Ave - B Amarillo, TX 79107
For Sale
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This exceptional 1.97-acre commercial land parcel is ideally situated in Amarillo, Texas, at 3601 NE 24th Ave - B, in Potter County, zip code 79107. The property boasts convenient access from both NE 24th Ave and a public alley, offering excellent cross-access potential. Its location is just north of the northeast corner of NE 24th Ave and N Grand St, ensuring high visibility and accessibility. The property is classified as Commercial, Retail land. The asking price is $214,533. Please note that restrictive covenants are in place, prohibiting the sale of car wash services, oil change services, motor vehicle lubrication services, check cashing services, grocery items, beer or wine for off-premises consumption, tobacco products, lottery tickets, motor fuel, fountain drinks, or teas. These covenants are binding on future owners. This prime location presents a unique opportunity for various commercial ventures, subject to the aforementioned restrictions. Further details are available at the provided link: http://properties.cbcamarillo.com/3601NE24thAve-B (Note: This link may not be functional).
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.