109 East Ave Kermit, TX 79745
- Commercial real estate
- 9,000 SF
- 1.10 lot acres
Current Use by Public Records
- Megadyne Services Co / Electrical Engineer / Electric Utility Company
Property Details for 109 East Ave
- Lot size
- 1.10 lot acres
- Property size
- 9,000 SF
- Property type
- Commercial real estate
Description
This exceptional 9,000 square foot industrial shop presents a unique investment opportunity in Kermit, Texas. Situated on a 1.1-acre lot, the property boasts ample space for various industrial uses, complemented by included office space. Its strategic location in Kermit places it at the heart of the Delaware Basin, a region renowned for its substantial oil and gas reserves and high production rates. The Delaware Basin's advanced extraction and production infrastructure makes this property particularly attractive for businesses involved in the energy sector. The property's proximity to the basin translates to significant potential for economic growth and expansion. Furthermore, its convenient location offers easy access to major transportation arteries, including Interstate 20, and the significant population centers of Midland and Odessa, Texas, as well as New Mexico. This prime location provides excellent logistical advantages for businesses needing efficient transportation links and access to a skilled workforce. The property's size and features make it suitable for a wide range of industrial operations, offering a compelling opportunity for businesses seeking a strategic foothold in a thriving energy market. The asking price of $7,000 presents a remarkable value for this substantial property in a high-demand location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kermit
- County
- Winkler
- State
- Texas
- Longitude
- -103.082
- Latitude
- 31.8597
