Property profile

4620 Andrews Hwy Midland, TX 79703

OFF-MARKET
Land
Property ID
US82-4135323
2.75 ac lot
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Property summary

AI-generated overview

This exceptional 2.75-acre property located at 4620 Andrews Hwy in Midland, Texas, presents a unique investment opportunity. Currently zoned residential, this land offers significant potential for redevelopment. The property includes a 1,440 square foot shop and a 3-bedroom, 2-bathroom home, providing existing structures that could be repurposed or removed. The high traffic count and high viability of this location in Midland County (zip code 79703) make it an attractive prospect for various commercial ventures. Note that a zoning change will be required for commercial development. The property's coordinates are 31.99996620488418 latitude and -102.14472214315553 longitude. Further expansion may be possible, as additional acreage east of the lot is also available for purchase. This offering represents a substantial land holding in a prime Midland location, ideal for investors seeking a high-potential development project. The asking price for this significant parcel is $3,500,000.

Property profile

Verified
Property type Land
Lot 2.75 ac (119,790 SF)
UPID US82-4135323

Cap rate & NOI

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

Location

4620 Andrews Hwy Midland, TX 79703
Midland metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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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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