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 Western and North Forest, Amarillo, TX, 79124 Western and North Forest, Amarillo, TX, 79124 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:
$1,850,000
Last Verified:
Aug 07, 2024

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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 jjl@llanoregroup.com to learn more about Western Land and how you can turn this blank canvas into a profitable venture.

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


Documents

Sale Proposal (L)

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.