1503 Industrial Ave, Midland, TX 79701
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.
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ACN Appliance LLC Home Appliance Store
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.