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    3301 Bankhead Hwy Midland, TX 79701

    For Sale
    $2,250,000

    30,625 SF Flex/Warehouse, 3.46 Acres

    Property size:
    30,625 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 30,625-square-foot flex/warehouse property sits on a generous 3.46-acre lot in Midland, Texas. Located at 3301 Bankhead Highway, this prime location offers convenient access to downtown Midland (within 2 miles) and major highways. Currently leased on a month-to-month basis at a significantly below-market rate of $2,631.81 per month (since February 1, 2020), this presents a substantial opportunity for increased rental income. The property benefits from city utilities (water and sewer), police and fire protection, and is situated outside of a flood-prone area. Zoned LR-3 & C-3 (Local Retail & Commercial), permitted uses are diverse and include, but are not limited to, auto sales, boat sales, restaurants, car washes, bowling alleys, medical or dental laboratories, and dance halls. Bankhead Highway boasts approximately 1,510 average daily traffic counts (2022 data), further highlighting the property's strong potential. The asking price for this exceptional investment opportunity is $2,250,000. This property offers a unique blend of retail and industrial uses, making it an attractive investment for a variety of businesses. The current tenant's below-market lease provides immediate upside potential for the new owner.

    Property Features for 3301 Bankhead Hwy

    General Information

    Property type
    Distribution properties
    Square Feet
    30,625 SF
    Lot Size
    150,718 SF

    HighLights

    • City limits location with city water, sewer, police, and fire protection; outside flood plain.
    • LR‑3 & C‑3 zoning allows for diverse commercial uses including auto/boat sales, restaurants, car washes, and more.
    • +/- 400 feet of frontage on Bankhead Highway.
    • Approx. 1,510 average daily traffic count (2022).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Holmes Auto Supply Auto Parts Store

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.1067369
    Latitude
    31.9833617

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    FAQs

    What type of property is this?
    Distribution property - 30,625 SF Flex/Warehouse, 3.46 Acres
    Where is this distribution property located?
    The property is located at 3301 Bankhead Hwy Midland, TX.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: City limits location with city water, sewer, police, and fire protection; outside flood plain.; LR-3 & C-3 zoning allows for diverse commercial uses including auto/boat sales, restaurants, car washes, and more.; +/- 400 feet of frontage on Bankhead Highway.
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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
    3301 Bankhead Hwy Midland, TX 79701
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