1502 N Loop 250 W, Midland, TX

Listing agent Tommy Reynolds Show Phone

Listing office Moriah Brokerage Services Show Phone

Listing date Sep 11, 2024

Source Moodyscre

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Overview

This self-storage warehouse facility for sale includes eight 24'x28' units, six 11'x28' units, and two 100'x28' units. The units feature 10'x12' roll-up doors and electricity, with the larger units having multiple 12'x12' doors. The property is currently 100% occupied and offers excellent upside potential to improve rental income and terms. The fenced lot is serviced by city utilities and includes office space in the center warehouse building. Strategically positioned near the intersection of Loop 250 and 191/Andrews Highway, the warehouse facility benefits from high traffic and excellent visibility from the Loop 250 service road. The annual average daily traffic is 46,121 cars (TxDOT 2023). The property has 130' of frontage on 191. This property presents an excellent opportunity for income generation or redevelopment.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Midland

County

Midland

State

Texas

Longitude

-102.152

Latitude

31.9959

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FAQs

What type of property is this?

Self storage facility - Self-storage warehouse facility with income potential and redevelopment opportunity.

Where is this self storage facility located?

The property is located at 1502 N Loop 250 W Midland, TX.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: 100% Occupied: Immediate income generation.; High Traffic Location: Excellent visibility from Loop 250 service road near the intersection of Loop 250 and 191/Andrews Highway.; Excellent Upside Potential: Opportunity to improve rental income and terms.