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Developable Land with Existing Structure

2406 Connell St, Midland, TX 79701

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Developable acreage includes an existing 1950 structure totaling approximately 1,500 SF, with parking room and hotel-development potential.

Property Size1,500 SF
Lot Size0.58 Acres
Price / SF$566.67
Days on Market246

Property Features for 2406 Connell St

General Information

Standard status Active
Size 1,500 SF
Lot size 0.58 Acres
Property subtype LAND
Zoning Residential

Building Details

Year Built 1950
Listing Agency: ERES Companies
Listed By: Alonso Hernandez · License TX #775636
Source: Moodyscre
Added: Mar 10 Changed: Sep 5 Last Checked: Nov 10 at 10:45AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ERES Companies

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Investment Insights

Based on property information with market context.

This property offers approximately 0.58 acres of developable land, with an existing structure built in 1950 totaling approximately 1,500 SF, according to the Appraisal District. The site has ample room for parking and is described as meeting typical requirements for hotel development.

The property is zoned residential, with the possibility to rezone. It is also listed as one of seven contiguous parcels totaling approximately 1.86 acres.

The surrounding area is described as a mix of commercial, retail, hospitality, and multifamily properties, with the I-20 corridor noted as rapidly developing.

Key Highlights

  • 0.58 +/- acres of developable land with an existing 1950 structure totaling 1,500 +/- SF (per Appraisal District)
  • Residential zoning with possibility to rezone
  • Listing is 1 of 7 contiguous parcels totaling approximately 1.86 +/- acres

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Suggested Use

Top Pick Dental Office Parking Lot & Garage Kitchen & Bath Showroom Garden Center Pharmacy HVAC Service

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

367
Businesses Nearby

Demographics for 79701, TX

29,748
Population
11,393
Households
2.6
Avg Household Size
33
Median Age
19%
College-Educated
73%
High-School Grad
12.1 sq mi
ZIP Area
2,459
Density / Sq Mi
$57,679
Median Household Income
$36,213
Median Earnings
$1,336
Median Rent
$204,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Commercial land in Midland, TX

$265 Jul
$281 Aug
$281 Sep
$238 Oct

Properties on Market for Commercial land in Midland

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Commercial land - Developable acreage includes an existing 1950 structure totaling approximately 1,500 SF, with parking room and hotel-development potential.
Where is this commercial land located?
The property is located at 2406 Connell St Midland, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 0.58 +/- acres of developable land with an existing 1950 structure totaling 1,500 +/- SF (per Appraisal District); Residential zoning with possibility to rezone; Listing is 1 of 7 contiguous parcels totaling approximately 1.86 +/- acres
(432) 425-9692 · Office Call to check price and availability
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