5962 Soncy RdAmarillo, TX 79119

Property Details for 5962 Soncy Rd

Year built

2020

Lot size

2.41 AC

Property size (Sq ft)

6,766 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

R-078-1993-1000

APU

R07819931000

Description

This 37,500 square foot commercial land parcel is ideally situated in Amarillo, Texas, at 5962 S Soncy Rd - B, in Randall County, zip code 79119. The property boasts exceptional visibility and accessibility, located just north of the northwest corner of Soncy and Hillside Roads, with access from both major thoroughfares. This high-traffic area sees 38,157 cars daily, according to the City of Amarillo. The property is zoned GR and offers significant potential for retail development. Please note that restrictive covenants prohibit 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 compelling investment opportunity for discerning buyers seeking high-visibility commercial land in a thriving Amarillo market. The asking price is $925,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,475,580

  6.5%

  $1,362,074

  7%

  $1,264,783

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,521,165

  Geo Method

  $2,051,494

• Alternative Use

  Use

  Valuation

  Residential

  $1,148,960

  Hospitality

  $1,052,442

  Educational

  $875,619

  Medical

  $905,733

  Retail

  $1,362,074

Location Insight

City

Amarillo

County

Randall

State

Texas

Latitude

35.1475

Longitude

-101.939

CBSA code

11100

CBSA name

AMARILLO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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