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    FOR SALE
    Grocery and convenience stores

    4250 W Mccormick Rd, Amarillo, TX 79118

    1,581 SF 2.5 ac lot Built 1987
    Entity Owned 5-yr Hold Absentee Owner Free & Clear
    Property ID
    US83-3451917
    Property summary
    AI-generated overview

    This exceptional 2.5-acre commercial land parcel presents a unique investment opportunity in the desirable Timbercreek Canyon area of Amarillo, Texas. Situated conveniently at 4250 McCormick Road West, this property boasts an enviable location outside city limits, offering flexibility in development plans. The lot features substantial frontage, measuring 220 feet along McCormick Road and an impressive 520 feet along Western Street, providing excellent visibility and accessibility. Zoned for commercial use, this versatile land is well-suited for a variety of projects, including retail establishments, warehouse facilities, or even residential development, subject to county approvals. Adding to its appeal, a pre-existing 1,581 square foot metal structure is included, offering potential for immediate use or repurposing. The land is priced competitively at $4.50 per square foot, representing a strong value proposition in the current market. With its size, location, and existing structure, this property presents a compelling opportunity for investors and developers seeking a prime location in the Amarillo area. The property's address is 4250 McCormick Road West, Amarillo, TX 79118, in Randall County. This is a rare opportunity to acquire a substantial commercial lot with significant development potential.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group CONVENIENCE STORE
    Year built 1987
    Total area 1,581 SF
    Lot 2.5 ac (108,900 SF)
    APN R-086-3440-1250
    UPID US83-3451917
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Sic Parvis Magna LLC · 5 yrs held
    Sic Parvis Magna LLC
    since 2021
    6 recorded transactions
    2023
    2021
    2017
    2008
    $150,000
    2005
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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