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    305 Texas Ave Midland, TX 79701

    For Sale
    $2,300,000

    27,000 SF Warehouse, Downtown Midland

    Property size:
    27,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 27,000-square-foot warehouse in downtown Midland, Texas, presents a unique investment opportunity. Situated on a one-acre lot at the corner of E Texas Ave and N Weatherford St, this property boasts convenient access to Business 20 and the entire downtown area. The building features a multi-faceted design, currently housing Habitat for Humanity's Restore and office spaces. It's divided into four distinct sections: a large 12,000-square-foot warehouse area, two additional 5,000-square-foot sections adaptable for various uses, and a 5,000-square-foot office space with five private offices, a reception area, multiple storage spaces, a conference room, and a breakroom. The warehouse itself comprises 22,000 square feet and includes five grade-level doors. The asking price is $2,300,000, translating to $85.19 per square foot. This property's strategic location and versatile layout offer significant potential for a variety of commercial uses. The address is 305 E Texas Ave, Midland, TX 79701.

    Property Features for 305 Texas Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    27,000 SF
    Lot Size
    43,560 SF

    HighLights

    • 12,000 SF warehouse space.
    • Two adjacent 5,000 SF areas, adaptable for various uses.
    • 5,000 SF office space with five private offices, reception, storage, conference room, and breakroom.
    • 22,000 SF total warehouse space with five grade‑level loading doors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Midland Habitat for Humanity Non-Profit Organization Midland Habitat ReStore Home Improvement Store

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Law Firm Wholesale Shop Hair Salon Auto Repair Shop 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
    -102.0716566
    Latitude
    31.9987475

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    FAQs

    What type of property is this?
    Distribution property - 27,000 SF Warehouse, Downtown Midland
    Where is this distribution property located?
    The property is located at 305 Texas Ave Midland, TX.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: 12,000 SF warehouse space.; Two adjacent 5,000 SF areas, adaptable for various uses.; 5,000 SF office space with five private offices, reception, storage, conference room, and breakroom.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    305 Texas Ave Midland, TX 79701
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