2nd-Gen Restaurant | Delivered Vacant | Amarillo, TX — Sale in Amarillo, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Amarillo, TX 79119

Photos

2nd-Gen Restaurant | Delivered Vacant | Amarillo, TX — Sale in Amarillo, TX, photo 1 of 3
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Description

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding ±8,138-square-foot second-generation restaurant on ±1.95 acres at 5080 Coulter St S in Amarillo, Texas. Built in 2017, the property is offered at $2,800,000, or $344 per square foot, a significant discount to estimated replacement cost, and is delivered vacant at closing, giving an owner-user immediate occupancy or an investor the flexibility to secure a new tenant on custom lease terms. The modern building retains existing restaurant infrastructure and a layout suited to full-service, fast-casual, entertainment, or specialty dining concepts, while the large parcel offers ample parking, long-term adaptability, and strong residual land value. The site sits along South Coulter Street (±20,480 VPD), Amarillo's premier retail corridor, adjacent to Walmart Supercenter and Lowe's and minutes from national retailers and dining destinations. Within three miles the trade area holds 73,371 residents with an average household income of $118,434, and the Amarillo MSA counts roughly 276,145 residents, recently ranked the #1 mid-size U.S. city for projected growth by USA Today in 2025. Major corridor projects, including the $133 million Loop 335 Segment C-1 freeway upgrade and the Coulter Road Extension, will further improve access. With modern construction, a high-growth corridor, and below-replacement-cost pricing, the asset offers durable fundamentals and clear value-add upside. Investment Highlights: • Delivered Vacant at Closing | Immediate Owner-User Occupancy or Flexibility to Secure a New Tenant on Custom Terms • Offered at $2,800,000 ($344/SF), a Significant Discount to Estimated Replacement Cost • Modern 2017 Construction With Existing Restaurant Infrastructure and an Efficient Site Layout • Large ±1.95-Acre Parcel With Ample Parking, Future Adaptability, and Strong Residual Land Value • Prime South Coulter Street Retail Corridor (±20,480 VPD), Adjacent to Walmart Supercenter and Lowe's

Market Context

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