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    6050 Coulter St Amarillo, TX 79119

    For Sale
    $2,250,000

    Prime Amarillo retail land, high visibility, $2.25M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 4.21-acre commercial land parcel, located at 6050 Coulter St S in Amarillo, Texas (zip code 79119), is offered for sale at $2,250,000. Zoned for retail use, this property presents a significant opportunity for developers and businesses seeking a high-traffic location. The land boasts a strategic position, providing excellent visibility due to its location on a busy corner and convenient cross-access via an adjacent business. The land value is $12 per square foot, representing a compelling value proposition compared to surrounding properties. The site's proximity to a public park offers additional potential for businesses such as restaurants. The area demonstrates strong demographics, with a population of 106,894 and an average household income of $70,870 within a 5-mile radius. This large tract can be subdivided to accommodate various business needs. The property is ideal for retailers seeking to establish a presence in a thriving Amarillo market. This is a rare opportunity to acquire a significant retail land parcel in a prime location with high visibility and strong market potential. The property is ready for development and offers a unique chance to capitalize on the area's growth.

    Property Features for 6050 Coulter St

    General Information

    Property type
    Land
    Lot Size
    183,388 SF

    HighLights

    • High‑visibility corner lot on a busy intersection.
    • Land cost significantly below market value, approximately half the price of comparable properties.
    • Excellent opportunity for restaurants, with direct access to a public park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.9200908
    Latitude
    35.1460375

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    FAQs

    What type of property is this?
    Land - Prime Amarillo retail land, high visibility, $2.25M
    Where is this land located?
    The property is located at 6050 Coulter St Amarillo, TX.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: High-visibility corner lot on a busy intersection.; Land cost significantly below market value, approximately half the price of comparable properties.; Excellent opportunity for restaurants, with direct access to a public park.
    (806) 236-3736
    Request Owner's contact information
    6050 Coulter St Amarillo, TX 79119
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    Amarillo, TX 79119
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6050 Coulter St Amarillo, TX 79119
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