5521 Gem Lake Rd Amarillo, TX 79106
- Commercial real estate
- 13.23 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5521 Gem Lake Rd
- Lot size
- 13.23 lot acres
- Property type
- Commercial real estate
Description
This exceptional 13.23-acre commercial land parcel presents a remarkable development opportunity in Amarillo, Texas. Located at 5521 Gem Lake Rd, just east of Amarillo Boulevard, this property boasts convenient access to major thoroughfares and city amenities. The land is zoned R1 - Residential, offering flexibility for a variety of development projects, subject to city approval. Potential uses include residential, assisted living facilities, or retail/office spaces. City utilities are already on-site, significantly reducing infrastructure costs and expediting the development process. The asking price is $4,000,000, translating to a land value of $7 per square foot. This represents a compelling investment opportunity given the property's size, location, and potential for diverse development scenarios. The property's address is 5521 Gem Lake Rd, Amarillo, TX 79106, situated in Randall County. Detailed site plans and zoning information are readily available upon request. This prime location and the existing infrastructure make this a highly attractive proposition for developers seeking a strategic foothold in the Amarillo market. Don't miss this chance to acquire a substantial tract of land with significant development potential in a thriving Texas city.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Randall
- State
- Texas
- Longitude
- -101.898998
- Latitude
- 35.211651
