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    OFF-MARKET
    Distribution centers

    1503 Industrial Ave, Midland, TX 79701

    23,688 SF 0.61 ac lot Built 1957
    Property ID
    US82-2987472
    Property summary
    AI-generated overview

    This exceptional warehouse property, located at 1503 West Industrial Avenue in Midland, Texas, presents a compelling investment opportunity. The building, constructed in 1957, offers a substantial 23,688 square feet of warehouse space situated on a 0.61-acre lot. Its strategic location provides easy access to Interstate 20, enhancing logistical efficiency. The warehouse features three convenient overhead doors, facilitating smooth loading and unloading operations. A generous 20-foot clear height throughout the interior maximizes storage and operational flexibility. The asking price is $350,000, translating to a price per square foot of $14.78. The property benefits from a high annual average daily traffic count of 1,528 vehicles (according to TxDOT data). This well-positioned warehouse is ready for immediate occupancy and presents a significant value-add potential for a discerning buyer seeking a substantial industrial space in a thriving Texas market. The property's size and features make it suitable for a wide range of businesses requiring ample storage and convenient access. This is a rare opportunity to acquire a well-located, sizable warehouse in Midland, Texas.

    Property profile
    Verified
    Property type Distribution centers
    Year built 1957
    Total area 23,688 SF
    Lot 0.61 ac (26,572 SF)
    UPID US82-2987472
    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
    • ACN Appliance LLC Home Appliance Store
    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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