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    1600 Coulter St Amarillo, TX 79106

    Sponsored
    For Sale
    $4,500,000

    17,973 SF, Vacant, Class A Medical Office

    Property size:
    17,973 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A medical office building, located at 1600 S Coulter in Amarillo, Texas, presents a unique investment opportunity. Boasting 17,973 square feet of vacant space, this property is ideally situated adjacent to Amarillo's hospitals, ensuring high visibility and convenient access for patients and staff. Constructed in 1980 and extensively renovated in 2011, the building offers a modern and functional layout, perfectly suited for medical practitioners. The interior is designed to accommodate four separate medical practices, each with its own dedicated entrance and exit, promoting privacy and efficiency. A significant feature is the inclusion of a 1,400 square foot basement providing ample file storage. The flexible design allows for either a single large tenant or division into four approximately 4,000 square foot units. Ample parking surrounds the building, ensuring convenient access for patients and staff. The property sits on a 1.56-acre lot and is zoned PD - Planned Development, offering potential for future expansion or adaptation. The asking price is $4,500,000. This property represents a rare opportunity to acquire a well-maintained, strategically located medical office building in a thriving Texas market.

    Property Features for 1600 Coulter St

    General Information

    Property type
    Medical offices
    Square Feet
    17,973 SF
    Class
    A
    Lot Size
    67,954 SF

    Building Details

    Year Built/Renovated
    1980/2011

    HighLights

    • Class A, 17,973 SF medical office building in Amarillo, TX, asking $4,500,000.
    • Located adjacent to Amarillo hospitals, offering high visibility and convenient access.
    • 1980 construction, extensively renovated in 2011, featuring a modern layout.
    • Designed for four separate medical practices, each with a dedicated entrance/exit, plus a 1,400 SF basement for storage.
    • 1.56‑acre lot, PD zoning, ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ritchie Thomas M ... Dentist Ruiz Family Dental: ... Dentist Ruiz Family Dental: ... Dentist Whittington Ronald D ... Dentist Clinical Pathology Labs ... Medical Laboratory

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.9234841
    Latitude
    35.1965111

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    FAQs

    What type of property is this?
    Medical office - 17,973 SF, Vacant, Class A Medical Office
    Where is this medical office located?
    The property is located at 1600 Coulter St Amarillo, TX.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: Class A, 17,973 SF medical office building in Amarillo, TX, asking $4,500,000.; Located adjacent to Amarillo hospitals, offering high visibility and convenient access.; 1980 construction, extensively renovated in 2011, featuring a modern layout.
    Request Owner's contact information
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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
    1600 Coulter St Amarillo, TX 79106
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