3601 24Th AveAmarillo, TX 79107

Property Details for 3601 24Th Ave

Year built

2022

Lot size

1.76 AC

Property size (Sq ft)

5,259 SF

Property type

Grocery and convenience stores

APN

300280

APU

300280

Description

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).

• CAP approach

  CAP return

  Valuation

  6%

  $1,096,960

  6.5%

  $1,012,579

  7%

  $940,252

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,114,958

  Geo Method

  $1,594,562

• Alternative Use

  Use

  Valuation

  Residential

  $854,148

  Hospitality

  $782,395

  Educational

  $650,943

  Medical

  $673,330

  Retail

  $1,012,579

Location Insight

City

Amarillo

County

Potter

State

Texas

Latitude

35.2365

Longitude

-101.795

CBSA code

11100

CBSA name

AMARILLO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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