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401 SE 2nd Ave - North Downtown Amarillo City Block
1.72 Acres of Commercial Land Offered at $1,950,000 in Amarillo, TX 79101
Investment Highlights
- Full City Block in Northern Downtown Amarillo
- 1.72 Acres, Almost Square, Zoned Industrial
- Suited for Mixed Use Development Such as Multi-Family & Hospitality
- One Block from City Civic Center & One Block from Herring Hotel
- Opportunity Zone, QCT, and TIRZ
- Contact wayne.burgdorf@svn for PDF brochure
Executive Summary
Property Facts
| Price | $1,950,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| Sale Conditions | Redevelopment Project | Total Lot Size | 1.72 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Price | $1,950,000 |
| Sale Type | Investment or Owner User |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.72 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $1,950,000 | Lot Size | 1.72 AC |
| Price Per AC | $1,133,721 |
| Price | $1,950,000 |
| Price Per AC | $1,133,721 |
| Lot Size | 1.72 AC |
Full City Block.
Description
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
zoning
| Zoning Code | COM |
| COM |
-
Wayne Burgdorf -
SVN | Trinity Advisors
Presented by
401 SE 2nd Ave - North Downtown Amarillo City Block
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