Current Use by Public Records
- Higher Vibe Creations / Hotel & Motel / Resort
Property Details for 7101 County Road 60
- Year built
- 2015
- Lot size
- 3.63 lot acres
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
This exceptional 3.63-acre property in Midland, Texas (79705), presents a unique investment opportunity. Located at 7101 E County Rd 60, the property boasts a 5,000 square foot metal shop featuring three bay doors and an office with substantial storage. The entire lot is fully fenced with two automated gates, enhancing security and accessibility. The property includes three buildings, all single-story structures, built in 2015. Two existing mobile homes situated at the rear of the property offer additional income potential, each with its own electric meter and sharing a septic system. While requiring some updates, these units represent a significant revenue stream. The property's zoning allows for diverse uses, including potential development into an RV park or employee housing. The asking price is $640,000, translating to $128 per square foot. This is a gross lease, multi-tenancy property offering 100% ownership. The property's versatile nature and existing income streams make it an attractive investment for a variety of buyers. This is a rare opportunity to acquire a substantial industrial property with significant upside potential in a thriving Texas market.
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
- -101.98
- Latitude
- 32.069
