34 34Th Ave, Amarillo, TX 79109
This exceptional Class A retail strip center, the Summit Shopping Center, presents a compelling investment opportunity in Amarillo, Texas. Located at the highly visible intersection of 34th & Coulter, this 164,639 square foot property boasts a prime location within Randall County, benefiting from significant foot and vehicle traffic. Built in 1984 and extensively renovated in 2016, the center maintains a modern aesthetic and high-quality construction. Currently, there are three available spaces ranging from 2,175 to 12,036 square feet, providing flexibility for a variety of retail tenants. The property sits on a substantial 15.53-acre lot, offering ample parking and potential for future expansion. The zoning designation is GR - General Retail, allowing for a wide range of commercial uses. With a total of 164,639 square feet and only 3,445 square feet currently vacant, this center demonstrates strong occupancy rates and a proven track record of success. The property's strategic location and modern amenities make it an ideal investment for discerning buyers seeking a high-performing retail asset in a thriving Texas market. The zip code is 79109. This is a rare opportunity to acquire a well-maintained, high-traffic retail center in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.