Property profile

4618 Andrews Hwy Midland, TX 79703

OFF-MARKET
Land
Property ID
US82-3828658
1.15 ac lot
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Property summary

AI-generated overview

This exceptional 1.147-acre property, located at 4618 Andrews Hwy in Midland, Texas (zip code 79703), presents a unique investment opportunity. Currently zoned for residential use, the land offers significant potential for commercial development, given the growing commercial interest in this area. The property's versatility is a key advantage, allowing for diverse development options. The existing improvements include a six-bedroom home featuring a pool and tennis court, ideal for immediate income generation or owner occupancy while development plans are finalized. The home boasts an open-concept living area filled with natural light, a gourmet kitchen equipped with high-end appliances, and expansive outdoor space perfect for entertaining. Additional features include oversized laundry facilities, ample storage throughout, and a gas fireplace. Each of the six bedrooms offers comfort and privacy, making it suitable for large families or guests. This property combines the luxury of a substantial home with the high potential of a prime commercial land parcel in a thriving Texas market. The property is situated in Midland County and offers a compelling blend of residential comfort and commercial development potential. Don't miss this chance to acquire a versatile property with significant upside.

Property profile

Verified
Property type Land
Lot 1.15 ac (49,963 SF)
UPID US82-3828658

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4618 Andrews Hwy Midland, TX 79703
Midland metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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