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    2407 Camp Dr Midland, TX 79701

    For Sale
    $400,000

    Prime 0.23-acre commercial lot, seller financing.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 0.23-acre commercial land parcel, located at 2407 Camp Dr in Midland, Texas (zip code 79701, APN R000028739), presents a unique investment opportunity. Priced at $400,000, this property boasts a highly desirable location in a high-traffic area with excellent visibility from I-20. The lot is zoned for multiple commercial uses, including retail, hotel, and multifamily developments, offering considerable flexibility for potential buyers. Currently featuring an abandoned house, the property's prime location surrounded by established hotels and anchor stores such as Starbucks and Walmart, ensures high visibility and potential for significant return on investment. Seller financing is available, making this an even more attractive proposition for prospective investors. The property's 0.23-acre size provides ample space for a variety of development projects, capitalizing on the strong commercial activity in the immediate vicinity. This is a rare opportunity to acquire a strategically located commercial lot in a thriving Texas market.

    Property Features for 2407 Camp Dr

    General Information

    Property type
    Land
    Lot Size
    10,019 SF

    HighLights

    • $400,000 asking price.
    • 0.23‑acre vacant commercial land parcel.
    • Seller financing available.
    • Abandoned house on site.
    • Commercial zoning (Retail, Hotel, Multifamily).
    • Parcel ID: R000028739.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.0774199
    Latitude
    31.9730056

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    FAQs

    What type of property is this?
    Land - Prime 0.23-acre commercial lot, seller financing.
    Where is this land located?
    The property is located at 2407 Camp Dr Midland, TX.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: $400,000 asking price.; 0.23-acre vacant commercial land parcel.; Seller financing available.
    Request Owner's contact information
    2407 Camp Dr Midland, TX 79701
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    Midland, TX 79701
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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
    2407 Camp Dr Midland, TX 79701
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