Remarks

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.

Details

MLS#: 24-5671
Price: $6,215,000

Sq Ft: 0

County: Randall