3301 Bankhead Hwy Midland, TX 79701
- Flex space
- 30,625 SF
- 3.46 lot acres
Current Use by Public Records
- Holmes Auto Supply / Auto Parts Store
Property Details for 3301 Bankhead Hwy
- Lot size
- 3.46 lot acres
- Property size
- 30,625 SF
- Property type
- Flex space
- Property subtype
- Distribution centers
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -102.1067369
- Latitude
- 31.9833617
