4620 Andrews Hwy Midland, TX 79703
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.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.