North Downtown Amarillo City Block
1.72 Acres of Commercial Land Offered at $1,950,000 USD in Amarillo, TX 79101
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $1,950,000
- Property Type
-
Land
Listing Contacts
Wayne Burgdorf
Verified Profile
- Property Info
Property Overview
The Property is located in the northern section of downtown Amarillo, just north of IH-40. It is in an Opportunity Zone, 2022 QCT, & The Center City TIRZ (Tax Increment Reinvestment Zone).
The property is one block NW of the Amarillo Civic Center Complex. It is also one block NE of the Herring Hotel which is planned for redevelopment. It is 5 blocks north of Hodgetown Stadium.
The site is a full city block, almost square, 1.72 acres, zoned I-1 Light Industrial with a General Commercial Future Land Use designation. It is level at street grades with no flood plain and has all urban utilities. The site has a former industrial building built in phases in 1922 & 1963, and modern dorm style buildings built in 1983 & 2005. Total GBA is ±68K SF.
Priced at $1,950,000. Most likely redevelopment uses given downtown demand are multi-family and hospitality. The city is favorable to LIHTC development
The property is one block NW of the Amarillo Civic Center Complex. It is also one block NE of the Herring Hotel which is planned for redevelopment. It is 5 blocks north of Hodgetown Stadium.
The site is a full city block, almost square, 1.72 acres, zoned I-1 Light Industrial with a General Commercial Future Land Use designation. It is level at street grades with no flood plain and has all urban utilities. The site has a former industrial building built in phases in 1922 & 1963, and modern dorm style buildings built in 1983 & 2005. Total GBA is ±68K SF.
Priced at $1,950,000. Most likely redevelopment uses given downtown demand are multi-family and hospitality. The city is favorable to LIHTC development
Property Details
- Property Subtype
- Commercial
Highlights
- Full City Block in Northern Downtown Amarillo
- One Block from City Civic Center & One Block from Herring Hotel
- 1.72 Acres, Almost Square, Zoned Industrial
- Opportunity Zone, QCT, and TIRZ
- Suited for Mixed Use Development Such as Multi-Family & Hospitality
- Contact wayne.burgdorf@svn for PDF brochure
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