Mobile Home Development Opportunity

Western and North Forest Amarillo, TX 79124

Western and North Forest, Amarillo, TX, 79124
Western and North Forest, Amarillo, TX, 79124
FOR SALE
Property Type:
Other Land
Amount:
$1,350,000
Last Verified:
Oct 07, 2020


Description

Two Phase Development opportunity with 187 lots per phase to help with absorption
Market Study available proving the need for another Mobile Home Park
Amarillo is in need of Low Income Housing
City Utilities Available and currently Zoned as a Mobile Home Park

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.

Lot Size: 52.5 acres

Map of Western and North Forest, Amarillo, TX, 79124

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.