3901 Tx-349 Midland, TX 79706
- Mixed-use properties
- 6,422 SF
- 2.00 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 3901 Tx-349
- Year built
- 1960
- Lot size
- 2.00 lot acres
- Property size
- 6,422 SF
- Property type
- Mixed-use properties
Description
This exceptional Midland, Texas mixed-use property presents a compelling investment opportunity. Located on 2 acres of land along State Highway 349, this high-visibility site boasts nearly 20,000 vehicles per day (TXDOT count), ensuring significant exposure. The property comprises two buildings, totaling 6,422 square feet (3,338 SF and 3,084 SF), offering versatile space for a variety of commercial uses. With over 200 feet of highway frontage, ample parking (asphalt and caliche), and additional undeveloped land for expansion, the property offers significant potential. Built in 1960 with periodic renovations, the property is classified as Class B. The asking price is $750,000, with the option to purchase the existing business for an additional $200,000. This includes the business's recipes, equipment, personal property, and the going concern. Post-closing showings are available by appointment only and will be accompanied by the listing agent. This property is zoned for commercial use and presents a unique opportunity for an owner-operator or investor seeking a high-traffic location with significant upside potential. The current owner is semi-retired and seeking a buyer ready to take the business to the next level.
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
- -102.067
- Latitude
- 31.951
