3205 W Wall St - Auto Dealership FOR SALE


Midland, TX 79701
$5,530,000 USD
432-682-2510
3205 W Wall St, Midland, TX for Sale
$5,530,000 USD
Auto Dealership - FOR SALE
1/64
null | Request Cap Rate

3205 W Wall St
Midland, TX 79701


HIGHLIGHTS

  • Property Current Use: Auto Sales & Services
  • Within City Limits: City Utilities (Water & Sewer), Police & Fire Protection, Outside of Flood Prone Area
  • Zoning: RR & C | Permitted Uses: Auto Sales, Boat Sales, Restaurant, Car Wash, Bowling Alley, Medical or Dental Laboratory, Dance Hall
  • W. Wall Street Frontage: +/- 620 FT
  • Traffic Counts: +/- 14,841 Average Daily Traffic (2022)

OVERVIEW

Prime Retail-Industrial opportunity near Downtown Midland on Wall Street with quick and easy highway access. 14,841 vehicles drive past this signature property daily - according to TxDOT's Annual Average Daily Traffic report. 38,164 SF under roof on 5.38 Acres. With 4 buildings on site, the property offers any investor a unique opportunity to divide the property and lease separate. The current Tenant, Sewell Automotive, has a lease that expires on January 31, 2027 and communicated they do not intend to renew their lease and will be relocating. The Tenant pays $30,000.00/month, NNN.

FOR SALE DETAILS

PRICE

$5,530,000 USD

PRICE/SF

$145 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Signature Property For Sale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Auto Repair, Warehouse, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

5.38 AC

LAND SF

234,353 SF

ZONING

RR & C

APN/PARCEL ID

R000004-321

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.