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Retail Site with Existing Building
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702 Andrews Hwy, Midland, TX 79701

1.03 acre site with 3,099 SF building for sale.

Property Size3,099 SF
Lot Size1.03 Acres
Price / SF$513.07
Days on Market932

Property Features for 702 Andrews Hwy

General Information

Standard status Active
Size 3,099 SF
Lot size 1.03 Acres
Property subtype Office, Retail
Listing Agency: Sisniega Real Estate
Listed By: Lucy Sisniega · License #9011102
Source: Crexi
Added: Jan 11, 2024 Changed: Jul 6 Last Checked: Jul 30 at 3:25PM

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 Sisniega Real Estate

Investment Insights

Based on property information with market context.

The property is approximately 1.03 acres and includes an existing 3,099 square foot building constructed in 1972. A second building on the site is slated for demolition. The zoning is LR. The surrounding area includes businesses such as Grand Buffet, Burger King, Whataburger, Chicken Express, Valero, and Pinkies Liquor store.

Key Highlights

  • Approximately 1.03 acre site.
  • Includes a 3,099 sf building.
  • Zoned LR.

Property Analytics

Current Use

Almudena Ramos MD Physician

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Storage Facility HVAC Service Computer & Electronic Repair

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

1,303
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

Market

Average Price Trend$/SF for Retail properties & Spaces in Midland, TX

$188 Jan
$188 Feb
$180 Mar
$307 Apr
$122 May
$127 Jun

Properties on Market for Retail properties & Spaces in Midland

Jan
Feb
Mar
Apr
May
Jun

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail property - 1.03 acre site with 3,099 SF building for sale.
Where is this retail property located?
The property is located at 702 Andrews Hwy Midland, TX.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Approximately 1.03 acre site.; Includes a 3,099 sf building.; Zoned LR.
More about this property
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