Property profile

1605 Big Spring St Midland, TX 79701

OFF-MARKET
Retail properties & Spaces
Property ID
US82-1147717
2,008 SF 0.26 ac lot Built 1955
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Property summary

AI-generated overview

This exceptional 2,008 square foot retail property, situated at 1605 N Big Spring St in Midland, TX, presents a fantastic opportunity for business owners seeking a prime location. The property boasts a highly desirable address with easy access to the downtown area, a significant advantage for attracting customers and maximizing visibility. Beyond the convenient location, the property includes a substantial benefit: extra parking in the rear, alleviating common parking concerns for both employees and clients. The interior layout is well-designed and functional, featuring a welcoming entrance reception area, perfect for creating a positive first impression. A dedicated conference room provides a professional space for meetings and presentations, while additional space is readily available for private offices, offering flexibility to accommodate various business needs. The property is move-in ready, eliminating the need for extensive renovations and allowing businesses to focus on operations immediately. With its strategic location, ample parking, and versatile interior, this retail space represents an exceptional investment opportunity in the thriving Midland market. The 0.26-acre lot provides ample space and the property is priced at $425,000. Don't miss this chance to establish your business in a highly sought-after area.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1955
Total area 2,008 SF
Lot 0.26 ac (11,326 SF)
UPID US82-1147717

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Law Firm
  • Dental Office
  • Law Firm

Location

1605 Big Spring St Midland, TX 79701
Midland metro
Google Maps

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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