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    I-20 E St Midland, TX 79701

    For Sale
    $1,150,000

    Prime 2.672-acre commercial lot near I-20.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 2.672-acre commercial land parcel presents a compelling investment opportunity in Midland, Texas. Strategically located off East Interstate 20, this property boasts unparalleled visibility and accessibility, situated just 2.5 miles from the heart of downtown Midland and 5 miles from Midland College. The site's prime location is surrounded by a thriving mix of major retailers, multifamily residences, and hospitality businesses, ensuring high traffic volume and excellent brand exposure for future developments. Zoned BP, this property is ideally suited for large-scale commercial projects. The significant advantage of readily available city water and sewer infrastructure significantly reduces development hurdles and accelerates project timelines. This ready-to-develop land offers a unique chance to capitalize on the robust growth of Midland's commercial sector. The asking price is $1,150,000, translating to approximately $430,389.22 per acre. This represents a strong value proposition given the property's location, zoning, and infrastructure advantages. Invest in a piece of Midland's thriving commercial landscape today. The property is located in the I-20 Business Park District, Midland County, Texas, zip code 79701.

    Property Features for I-20 E St

    General Information

    Property type
    Land
    Lot Size
    116,392 SF

    HighLights

    • 2.672‑acre commercial land parcel in Midland, Texas.
    • Located off I‑20 with high visibility and accessibility, near downtown Midland and Midland College.
    • Zoned BP, ideal for large‑scale commercial development.
    • Features readily available city water and sewer.
    • Asking price: $1,150,000 ($430,389.22/acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.060422
    Latitude
    31.976626

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    FAQs

    What type of property is this?
    Land - Prime 2.672-acre commercial lot near I-20.
    Where is this land located?
    The property is located at I-20 E St Midland, TX.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: 2.672-acre commercial land parcel in Midland, Texas.; Located off I-20 with high visibility and accessibility, near downtown Midland and Midland College.; Zoned BP, ideal for large-scale commercial development.
    Request Owner's contact information
    I-20 E St 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
    I-20 E St Midland, TX 79701
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