1600 S Coulter St Amarillo, TX 79106
For Sale
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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.
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remelting purposes, which is located in the A, GR, LC, CB, HC, I-1 and PD Zoning Districts. It also does not include the incidental outdoor display of commodities for retail sale where the use is permitted by section 4-10-82 in a GR General Retail District. Where either this designation of an open storage activity or another designation might apply, the more…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
PD · Amarillo, TXremelting purposes, which is located in the A, GR, LC, CB, HC, I-1 and PD Zoning Districts. It also does not include the incidental outdoor display of commodities for retail sale where the use is permitted by section 4-10-82 in a GR General Retail District. Where either this designation of an open storage activity or another designation might apply, the more restrictive shall govern. (89) Secondhand Merchandise Dealers or Storage: The keeping, handling, storage or use of furniture, appliances and/or other merchandise or goods for sale or display. "Secondhand merchandise" is defined as an item which has previously been sold at the wholesale or retail level or previously used by an individual or business. Except in an I-2 Zoning District, any outdoor storage or display of such merchandise shall require visual screening to the standards set out in
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.