1110 E Scharbauer Dr Midland, TX 79705

This 15,452-square-foot, single-story entertainment center in Midland, Texas, is available for $1,499,000. Located on a 1.66-acre lot at 1110 E Scharbauer Dr, 79705, this vacant property boasts a prime location with high visibility. Built in 1983 and featuring 20-foot ceilings, the building includes a stage, two full bars, a commercial kitchen with a walk-in refrigerator, extensive lighting, public and private restrooms, a ticket office, multiple management offices, and ample storage. The property is zoned for regional retail and offers excellent parking. This turnkey facility is ideal for various uses, including an event center, fitness club, martial arts training center, nightclub, or other entertainment venues. Alternative uses such as a grocery store, private school, or movie theater are also possible. The property is a single unit, owner-user investment, with a triple net (NNN) lease type. The asking price per square foot is $97.01. Occupancy is available November 1, 2023. The property has been well-maintained and updated over time. Midland, Texas, is experiencing significant growth, making this a compelling investment opportunity in a thriving market.