1609 Midland Tx 79706 Midland, TX 79706
This exceptional 3.25-acre lot, located at 1609 S County Road 1102, Midland, TX 79706, presents a remarkable investment opportunity in Midland County, Texas. Zoned for light restrictions, this property offers significant potential for commercial or industrial development. Situated in Greenwood's Premier Industrial Park, it benefits from convenient access to major transportation arteries, including I-20, Hwy 158, Hwy 137, and the Midland/Stanton area. Natural gas is readily available. The property's location also boasts the added convenience of restaurants along the frontage road. The seller is open to owner financing, making this an even more attractive proposition. This lot is part of a larger development, with the possibility of combining tracts to create larger parcels. The location is ideal for developers and builders seeking a flexible and strategically located site. Given the high demand and rapid sales in this area, this is a truly exceptional opportunity that won't last long. The property is priced at $243,750.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.