5501 Starboard Dr Midland, TX 79706
- Land
- 2.34 lot acres
Current Use by Public Records
- Land
Property Details for 5501 Starboard Dr
- Lot size
- 2.34 lot acres
- Property type
- Land
Description
This exceptional 2.34-acre commercial land parcel presents a remarkable investment opportunity in Midland, Texas. Located at 5501 Starboard Drive, this property is zoned for commercial use and boasts a highly desirable location within the Gateway Plaza, situated in the rapidly growing Tradewinds Boulevard Corridor in southwest Midland. The Gateway Plaza is already home to a thriving mix of businesses, including an 11-screen Cinergy Cinemas, Hawthorn Suites hotel, Four Points by Sheraton hotel, Gateway Plaza Apartments, RIG-ID, Cafe Nitro, and a two-story office building, ensuring high visibility and strong potential for future development. The property's strategic location benefits from exceptional traffic counts, with Interstate 20 seeing 29,100 vehicles daily and Loop 250 registering 47,442 vehicles daily, providing significant exposure to potential customers. Further enhancing its appeal, this property is not located within a floodplain, mitigating potential risk. The asking price for this prime commercial land is $1,950,000. This presents a unique chance to capitalize on the robust growth and development within this dynamic area of Midland, Texas. The property's size and location make it ideal for a variety of commercial ventures. The existing infrastructure and established businesses in the Gateway Plaza provide a strong foundation for success.
Value Estimation
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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
- -102.144
- Latitude
- 31.9639
