3901 Tx-349 Midland, TX 79706
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.