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    OFF-MARKET
    Churches & religious facilities

    4010 County Road 1130, Midland, TX 79705

    4,082 SF 4 ac lot Built 1970
    Property ID
    US82-1318331
    Property summary
    AI-generated overview

    This exceptional 4-acre property in Midland, Texas, presents a prime redevelopment opportunity. Located at 4010 N County Rd 1130, this vacant lot boasts 4,082 square feet of existing building space spread across four, single-story structures built in 1970 and 1994. Currently zoned as County - not zoned, the property offers significant flexibility for various commercial or religious uses. The asking price is $169,000, translating to $41.40 per square foot. The property includes two former church buildings, previously utilized as worship centers and office spaces, providing a solid foundation for renovation or new construction. Buyers should note that the property is sold "as-is," with no repairs provided by the seller. Existing structures have less than 20" ceilings. Utilities are not currently connected. The property features one gas pump, but the condition and functionality of the septic system and water well are unknown. Back porches are considered unsafe. Title work has been initiated by Lone Star Abstract, and closing must occur at LSAT. This is an ideal investment for those seeking a blank canvas for their next venture. The property is located outside city limits and offers significant potential for a variety of uses. The property is vacant and ready for immediate development, with an occupancy date of October 29, 2024.

    Property profile
    Verified
    Property type Churches & religious facilities
    Year built 1970
    Total area 4,082 SF
    Lot 4 ac (174,240 SF)
    APN R000002291
    UPID US82-1318331
    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
    • New Harvest Fellowship Church Church
    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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