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Property profile & analytics
OFF-MARKET
Commercial real estate

4620 Andrews Hwy Midland, TX 79703

2.75 ac lot
Property ID
US82-4135323
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 Commercial real estate
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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