Listing Agency: The Real Estate Ranch r***@aol.com Show Phone

Listed By: Thomas Johnston · License #TX 542176

Source: Crexi

Added: Apr 4, 2022 Changed: Jul 10 Last Checked: Jul 30 at 2:23PM

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Investment Insights

Based on property information with market context.

This vacant 0.447-acre corner lot is located across from Alamo Jr. High and the City Water Park. It is currently zoned O1, which permits office, retail, senior living, duplexes, indoor dining, and coffee shops, among other uses. A shared detention pond easement is available. The property could potentially be rezoned to allow for a drive-thru coffee shop, ice cream parlor, or restaurant. The location is considered prime.

Key Highlights

• Prime Location across from Alamo Jr. High & City Water Park
• Vacant .447 Acre Corner Lot
• Zoned O1 allowing for Office, Retail, Sr. Living, Duplexes, Indoor Dining/Coffee Shop, and more

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Kitchen & Bath Showroom Building Supply Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

502

Businesses Nearby

Explore this area Business Placement

Demographics for 79703, TX

21,205

Population

8,110

Households

2.6

Avg Household Size

33

Median Age

20%

College-Educated

83%

High-School Grad

6.5 sq mi

ZIP Area

3,262

Density / Sq Mi

$80,281

Median Household Income

$44,977

Median Earnings

$1,466

Median Rent

$220,600

Median Home Value

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Commercial land - 0.447 acre corner lot near Alamo Jr. High.

Where is this commercial land located?

The property is located at 1005 Midland Dr Midland, TX.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: Prime Location across from Alamo Jr. High & City Water Park; Vacant .447 Acre Corner Lot; Zoned O1 allowing for Office, Retail, Sr. Living, Duplexes, Indoor Dining/Coffee Shop, and more