400 10Th AveAmarillo, TX 79101

This exceptional 74,923 square foot commercial and residential land parcel presents a prime development opportunity in Amarillo's vibrant downtown core. Located at 400 SW 10th Ave, in Potter County, Texas, 79101, this CBD-zoned property offers significant potential for mixed-use projects, multi-family developments, or retail ventures. The site includes an existing 8,900 square foot, two-story building, which could be repurposed or demolished to suit the buyer's vision. Numerous incentives are available to offset development costs, including Federal and State Historic Tax Credits, Center City Facade Grants, and TIRZ property tax abatement. Further enhancing its appeal, this property is situated within an Opportunity Zone, Neighborhood Empowerment Zone, Food Desert, and a Low Income Housing Census Tract, making it eligible for Texas PACE financing. The current owner is actively working with the City of Amarillo to abate the adjacent alley, providing added development flexibility. The property's strategic location benefits from proximity to West Texas A&M University, Sharpened Iron Studios, Amarillo Sod Poodles baseball stadium, Amarillo Globe News Center, and the Amarillo Civic Center, ensuring high visibility and accessibility. A clean Phase I & II environmental report is available. Asking price: $650,000.