7404 Briarwood Ave-01, Midland, TX 79707
This exceptional 2.091-acre parcel presents a remarkable retail development opportunity in a rapidly expanding area of Midland, Texas. Located at 7404 Briarwood Ave-01, 79707, this property boasts significant retail frontage and is zoned MF7, allowing for a variety of commercial uses. Its strategic location offers easy access to a thriving residential and multi-family community, ensuring high visibility and potential customer traffic. The property's proximity to a newly constructed fire station further enhances its desirability. The site is currently positioned as the west corner piece of a larger development, with an adjoining property soon to be completed, transforming this lot into a highly visible corner location. This presents a unique chance to capitalize on the significant growth and development currently underway in this bustling area of Midland, within city limits. The land's size and zoning make it particularly well-suited for a convenience store (C-Store), but other retail ventures are also feasible. This is a rare opportunity to secure a prime piece of land in one of Midland's most promising commercial zones. The asking price is $725,000.
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
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.