Highland Springs Development

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).