Property profile

0000 Midland Dr Midland, TX 79703

OFF-MARKET
Land
0.75 ac lot
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Property summary

AI-generated overview

This exceptional .747-acre commercial lot sits at the corner of Cuthbert and Midland Dr in Midland, Texas (zip code 79703), offering a prime location across from Alamo Jr. High and the City Water Park. Currently zoned O1, the property allows for a diverse range of uses including office space, retail establishments, senior living facilities, duplexes, indoor dining, and coffee shops. A shared retention pond easement is available. The property's strategic location presents significant potential for development, and with some effort, rezoning could accommodate drive-thru businesses such as coffee shops, ice cream parlors, or restaurants. The asking price for this exceptional opportunity is $450,000. This vacant lot presents a rare chance to acquire a highly desirable commercial property in a thriving Texas city. The property's versatility and prime location make it an ideal investment for developers and entrepreneurs seeking a high-impact commercial venture. Don't miss this chance to secure a piece of Midland's vibrant commercial landscape.

Property profile

Verified
Property type Land
Lot 0.75 ac (32,539 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

0000 Midland Dr Midland, TX 79703
Midland metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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