1306 W Wall St - Office FOR SALE


Midland, TX 79701
$925,000 USD
432-682-2510
1306 W Wall St, Midland, TX for Sale
$925,000 USD
Office - FOR SALE
1/34
null | Request Cap Rate

1306 W Wall St
Midland, TX 79701


HIGHLIGHTS

  • 100% Occupied | Freestanding Building
  • Building Improvements: Unit C - 2024 Remodel | All Units - 2024 New Exterior Back Doors | 2023 New Front Windows | 2022 Exterior Paint
  • Natural Light in each Unit | Each Unit has Hardwood Floor or Carpet
  • (8) Units | Laundry Facility | Individual Storage Closets for each Unit
  • Parking Details: (12) Assigned Carport Covered Parking
  • Within City Limits: City Utilities (Water & Sewer), Police & Fire Protection, Outside of Flood Prone Area

OVERVIEW

Moriah Brokerage Services is excited to offer an exceptional opportunity to acquire the property located at 1306 W Wall Street in Midland, TX. This well-maintained, two-story building spans approximately 7,380 square feet and sits on a .48-acre lot. The property is a stand-alone asset and consists of a total of 8 units, which are a mix of office and residential spaces. Specifically, the building currently includes 6 office tenants and 2 residential tenants, providing a diverse range of income-generating opportunities. The ground-level units are designed as one-bedroom, one-bathroom units, while the upper-level units offer two-bedroom, one-bathroom layouts. In addition, the property features a variety of amenities, including a shared laundry facility, individual storage closets for tenants, and assigned covered parking. The parking area includes 12 reserved covered spaces, ensuring convenience and security for tenants and visitors alike. This property presents a solid investment opportunity in a prime location with a unique combination of residential and commercial rental potential. This Executive Suite Office Building offers a highly convenient downtown location on Wall Street, one of the city's main thoroughfares. Positioned on a prominent corner lot at the intersection of Wall Street and N G St, the property benefits from excellent visibility and accessibility. The area is surrounded by a variety of established businesses. *Additional Due Diligence Documents available upon request

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Torre Vieja Downtown Executive Suites

PROPERTY TYPE

Office

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

O1

APN/PARCEL ID

R000051-746

ASK ABOUT THIS PROPERTY

Wes GotcherMoriah GroupMore Info
432-682-2510

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Wes GotcherMoriah GroupMore Info
432-682-2510

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.