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33016298
33016289

Western and North Forest, Amarillo, TX 79124

JL
TX TX 664099
Llano Brokerage, LLC
Listed by Llano Brokerage, LLC
$1,850,000
8 days on market
Updated 8 days ago

Western and North Forest Mobile Home Park Development

Details
Property Type Retail
Sub Type Mobile Home Park Development
Cap Rate 52.52%
NOI $971,700
Tenancy Vacant
Price per SqFt $1
Acreage 52.500
Zoning Light Industrial - Mobile Home Park Designation
Investment Type Redevelopment

Retail | 52.52% CAP

Marketing description

ideal for developing affordable or low-income housing in high demand. Take advantage of the current zoning for a mobile home park or easily rezone for single-family affordable housing or multifamily housing options. The potential for tax credits makes this an even more enticing investment opportunity. The seller is open to subdivision, offering flexibility for your vision. What sets Western Land apart is its strategic location. The surrounding area boasts a growing population, with over 116,000 residents within a 5-mile radius. The average household income is $58,999, making it an ideal market for affordable housing. Don't miss out on this exceptional opportunity. Contact Josh Langham at 806.392.9912 or [email protected] to learn more about Western Land and how you can turn this blank canvas into a profitable venture.

Location Description

Conveniently located within a few miles to access Loop 335 in close proximity to major employers such as Tyson, Pantex, Clements Unit, and Amarillo's Hospital system.

Investment highlights

  • Sale Price: $1,850,000
  • Available SF:
  • Lot Size: 52.5 Acres
  • Price / Acre: $35,238
  • Cap Rate: 52.52%
  • NOI: $971,700
  • Zoning: Light Industrial - Mobile Home Park Designation

Listing Contacts

JL
TX TX 664099
Llano Brokerage, LLC
Listed by Llano Brokerage, LLC

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$971,700.00
$80,975.00/mo

Valuation Metrics

0
DSCR
52.52%
Cap Rate
52.52%
ROI

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Additional Information

Name
Josh Langham
License
TX 664099
Brokerage
Llano Realty
Brokerage Phone
8063929912
Title
Broker of Record for company
Brokerage Address
7639 Hillside Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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