Current Use by Public Records
- Land
Property Details for 1788 & Hwy 191 -
- Lot size
- 1.93 lot acres
- Property type
- Land
Description
This exceptional 1.93-acre commercial land parcel is strategically located at the intersection of FM 1788 and Hwy 191 in Midland, Texas, zip code 79707. Zoned LR2, this property presents a unique investment opportunity in a high-traffic area experiencing significant growth. The asking price is $629,759, translating to approximately $7.50 per square foot. This location benefits from an average daily traffic count exceeding 30,000 vehicles on Hwy 191 and FM 1788 (2010 data). Situated between Midland and Odessa, this land sits along a key corridor connecting the expanding northeast side of Odessa with Midland's Loop 250, a major retail and entertainment hub. The property's proximity to Midland International Airport further enhances its appeal. Future infrastructure improvements are anticipated, with water lines projected to reach the property by June 2013 and sewer lines by December 2013 (per Midland Development Corporation projections). Ideal for a variety of commercial uses, including convenience stores, gas stations, retail centers, car dealerships, grocery stores, restaurants, and fast-food establishments. This is a rare opportunity to acquire land in a rapidly developing area with excellent visibility and access. Don't miss this chance to capitalize on the growth potential of this prime Midland location.
Value Estimations
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AI approach
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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
- -102.255
- Latitude
- 31.9726
