Property profile

34 34Th Ave Amarillo, TX 79109

OFF-MARKET
Neighborhood centers
164,639 SF Built 1984
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Neighborhood centers
Year built 1984
Total area 164,639 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

34 34Th Ave Amarillo, TX 79109
Amarillo metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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