3000 Georgia StAmarillo, TX 79109

Property Details for 3000 Georgia St

Year built

1959

Lot size

0.25 AC

Property size (Sq ft)

1,296 SF

Zone code

LC

Property type

Retail properties

Property subtype

Gas stations

APN

295337

APU

295337

Description

This exceptional 10,800 square foot commercial land parcel presents a remarkable investment opportunity in Amarillo, Texas. Situated at the southwest corner of South Georgia Street and Mockingbird Lane, this property boasts a highly desirable location within a thriving retail corridor. The lot is zoned for commercial use, providing flexibility for a variety of development projects. Its prime location between Interstate 40 and Southwest 34th Avenue ensures excellent visibility and accessibility, with high traffic counts contributing to significant potential for business success. The South Georgia Street retail corridor itself is home to over 150 businesses within a 1.5-mile stretch, indicating a robust and established commercial environment. This property's strategic placement and substantial size make it an ideal site for new commercial construction or redevelopment, offering significant return on investment potential. The address is 3000 S Georgia St, Amarillo, TX 79109, in Randall County. The asking price for this exceptional commercial land is $650,000.

• CAP approach

  CAP return

  Valuation

  6%

  $282,641

  6.5%

  $260,900

  7%

  $242,264

• Comparable approach

  Method

  Valuation

  Relative Method

  $291,373

  Geo Method

  $392,956

• Alternative Use

  Use

  Valuation

  Residential

  $220,079

  Hospitality

  $201,591

  Educational

  $167,721

  Medical

  $173,490

  Retail

  $260,900

Location Insight

City

Amarillo

County

Randall

State

Texas

Latitude

35.1823

Longitude

-101.867

CBSA code

11100

CBSA name

AMARILLO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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