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Property profile & analytics
OFF-MARKET
Commercial real estate

1008 Texas Ave Midland, TX 79701

0.25 ac lot
Property ID
US82-3674276
Property summary
AI-generated overview

This exceptional 0.251-acre commercial land parcel presents a unique investment opportunity in the thriving city of Midland, Texas. Located at 1008 W Texas Ave, 79701, this property boasts a prime location surrounded by established professional offices and businesses, offering immediate access to a robust commercial environment. Its proximity to downtown Midland ensures high visibility and convenient access to a wide range of amenities and services. The site itself is characterized by attractive surroundings, enhancing its appeal and potential for development. The property has been completely gutted, providing a blank canvas for a diverse range of development projects. Versatile zoning allows for considerable flexibility in project planning, catering to various commercial uses. Furthermore, essential utilities are readily available on-site, simplifying the development process and minimizing upfront costs. This exceptional location, combined with the property's cleared state and versatile zoning, makes it an ideal investment for developers seeking a strategic foothold in Midland's dynamic commercial landscape. The asking price for this remarkable opportunity is $196,804.

Property profile
Verified
Property type Commercial real estate
Lot 0.25 ac (10,934 SF)
UPID US82-3674276
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Jenkins Construction Equipment Rental (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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