5518 Big Spring St Midland, TX 79705
- Land
- 7.44 lot acres
Current Use by Public Records
- Land
Property Details for 5518 Big Spring St
- Lot size
- 7.44 lot acres
- Property type
- Land
Description
This exceptional 7.44-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Midland, Texas. Located at 5518 N Big Spring St, Midland, TX 79705, this property boasts convenient access via Mockingbird Lane and Pavilion Parkway, placing it at a key intersection with excellent visibility. The site is strategically surrounded by a mix of established commercial businesses and residential communities, ensuring a strong customer base and high traffic volume. Its prime location offers easy access to TX-349, a major thoroughfare with approximately 19,000 vehicles passing daily. The property's significant size and strategic location make it particularly well-suited for the development of a retail center or other commercial ventures. Further enhancing its appeal, the area is experiencing substantial residential growth, with over 1,000 new homes constructed to the north and more planned for the future. This translates to a burgeoning population base and increased demand for commercial services. The asking price for this exceptional property is $4,537,200. This presents a unique chance to capitalize on Midland's robust economic climate and secure a prominent position in a rapidly expanding market. The signalized intersection ensures optimal visibility and accessibility for potential businesses.
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
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -102.084
- Latitude
- 32.0582
