3209 Franklin Ave, Midland, TX 79701
This 7,200-square-foot warehouse, situated on a 0.482-acre lot in Midland, Texas, presents a unique opportunity for businesses seeking flexible industrial space. Built in 1995, the property boasts a desirable location near downtown Midland, offering convenient highway access. The warehouse features two 14' x 14' overhead drive-in doors, providing ample access for loading and unloading. The high ceilings, measuring 18 feet at the eaves and 20 feet overall, offer significant vertical storage capacity. Inside, you'll find a functional layout including 250 square feet of office space, a private office, and two bathrooms (one with a shower). The property is zoned for Commercial and Regional Retail use and is serviced by city utilities. This versatile space is ideal for a variety of uses, from warehousing and distribution to light manufacturing or flex space. The property is available for both sale and lease. A significant advantage for buyers is the inclusion of pallet racks within the warehouse. For those interested in leasing, the owner is offering attractive lease-to-own terms, allowing rental payments to be credited towards the purchase price with a long-term lease. The property's dimensions are 120 feet by 60 feet. This well-maintained property offers a compelling combination of location, functionality, and potential for future growth. Inquire today to learn more about this exceptional opportunity.
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
Physical attributes from public recordsZoning & alternative use
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.