201 E Illinois Ave - Office FOR SALE


Midland, TX 79701- Downtown Midland
$3,800,000 USD
432-559-6110
201 E Illinois Ave, Midland, TX for Sale
$3,800,000 USD
Office - FOR SALE
1/53
null | Request Cap Rate

NEW


201 E Illinois Ave
Midland, TX 79701
Downtown Midland


HIGHLIGHTS

  • A RARE OPPORTUNITY TO OWN A PIECE OF MIDLAND'S HISTORY!
  • THIS EXPANSIVE FORMER MIDLAND REPORTER-TELEGRAM BUILDING OFFERS ENDLESS POTENTIAL FOR REDEVELOPMENT OR ADAPTIVE REUSE
  • THE PROPERTY FEATURES GENEROUS SQUARE FOOTAGE, OPEN FLOOR PLAN AND SOLID INDUSTRIAL BONES

OVERVIEW

A RARE OPPORTUNITY TO OWN A PIECE OF MIDLAND'S HISTORY! THIS EXPANSIVE FORMER MIDLAND REPORTER-TELEGRAM BUILDING OFFERS ENDLESS POTENTIAL FOR REDEVELOPMENT OR ADAPTIVE REUSE. THE PROPERTY FEATURES GENEROUS SQUARE FOOTAGE, OPEN FLOOR PLAN AND SOLID INDUSTRIAL BONES - IDEAL FOR CREATIVE OFFICE SPACE, RETAIL, WAREHOUSE CONVERSION, EVENT VENUE OR MIXED-USE REDEVELOPMENT. THE SITE PROVIDES AMPLE PARKING., PLUS EASY ACCESS TO MAJOR THROUGHFARES IN THE HEART OF MIDLAND. WITH ITS LEGACY AS A CORNERSTONE OF THE COMMUNITY AND ITS FLEXIBLE LAYOUT, THIS PROPERTY IS A BLANK CANVAS READY TO BE TRANSFORMED. WHETHER YOU ARE AN INVESTOR, DEVELOPER OR BUSINESS OWNER, THE POSSIBILITIES ARE ONLY LIMITED BY YOUR IMAGINATION.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Midland Reporter Telegram

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

145

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,249 SF

ZONING

C & CB

APN/PARCEL ID

R000035-111

ASK ABOUT THIS PROPERTY

Ashley IronsMaven Real Estate GroupMore Info
432-559-6110

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Ashley IronsMaven Real Estate GroupMore Info
432-559-6110

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