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$ 6,215,000
Est. payment | /mo
44 Sqft Lot
$ 6,215,000
Est. payment | /mo
44 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24-5671
Originating Board Amarillo Association of REALTORS®
Lot Size 44 Sqft
Acres 44.05
Property Description
Offering an investor special on commercial land just west of Amarillo, TX. This listing encumbers 1 mile of W Hollywood Rd frontage and 16 platted individual commercial lots.
We have an appraisal in hand with a value of $9,400,000 on the bulk and $12,390,000 retail value (individual lots). With that appraisal, we are offering the listing at 66% of the appraised bulk value and 50% of the retail value.
Individual lots will remain advertised. Call the office to check on lot availably and for additional questions. Water:
There are currently no wells located on the property. All lots will be on their own well and septic.
Improvements:
There are no improvements on the land at this time.
Minerals:
All owned mineral estate will convey with the sale.
Landscape:
The land is flat and readily available for a building site.
Exclusions:
There are no known exclusions at this time.
Zoning/Easements:
The property is outside of any municipality so is not zoned. The lots are subject to the Highland Springs Commerical deed restrictions. See attached.
Estimated 2023 Paid Taxes:*
2023 Taxes: $5,600.00
*This is an estimated tax for 2023. Potential buyers will be responsible for verifying the taxes with or without exemptions.*
Area:
The commercial property is located in the northern central portion of Randall County.
Access:
The property has paved access via W Hollywood Rd (continuation of the south loop).
Directions:
From Amarillo, TX, go south on Soncy Road. Exit from Loop 335 and continue on Soncy Rd. Go past Hollywood Rd, lot is on the right-hand side.
We have an appraisal in hand with a value of $9,400,000 on the bulk and $12,390,000 retail value (individual lots). With that appraisal, we are offering the listing at 66% of the appraised bulk value and 50% of the retail value.
Individual lots will remain advertised. Call the office to check on lot availably and for additional questions. Water:
There are currently no wells located on the property. All lots will be on their own well and septic.
Improvements:
There are no improvements on the land at this time.
Minerals:
All owned mineral estate will convey with the sale.
Landscape:
The land is flat and readily available for a building site.
Exclusions:
There are no known exclusions at this time.
Zoning/Easements:
The property is outside of any municipality so is not zoned. The lots are subject to the Highland Springs Commerical deed restrictions. See attached.
Estimated 2023 Paid Taxes:*
2023 Taxes: $5,600.00
*This is an estimated tax for 2023. Potential buyers will be responsible for verifying the taxes with or without exemptions.*
Area:
The commercial property is located in the northern central portion of Randall County.
Access:
The property has paved access via W Hollywood Rd (continuation of the south loop).
Directions:
From Amarillo, TX, go south on Soncy Road. Exit from Loop 335 and continue on Soncy Rd. Go past Hollywood Rd, lot is on the right-hand side.
Location
State TX
County Randall
Area 2170 - Highland Springs
Zoning 2000 - SW of Amarillo City Limits
Direction From Amarillo, TX, go south on Soncy Road. Exit from Loop 335 and continue on Soncy Rd. Go past Hollywood Rd, lot is on the right-hand side.
Listed JT Haynes • Triangle Realty, LLC
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