3301 Bankhead Hwy - Warehouse FOR SALE


Midland, TX 79701
$2,250,000 USD
432-682-2510
3301 Bankhead Hwy, Midland, TX for Sale
$2,250,000 USD
Warehouse - FOR SALE
1/21
null | Request Cap Rate

3301 Bankhead Hwy
Midland, TX 79701


HIGHLIGHTS

  • Within City Limits: City Utilities (Water & Sewer), Police & Fire Protection, Outside of Flood Prone Area
  • Bankhead Hwy: +/- 400 FT
  • Traffic Counts: +/- 1,510 Average Daily Traffic (2022)

OVERVIEW

Prime Retail-Industrial opportunity near Downtown Midland on Wall Street with quick and easy highway access. 2 miles west from Downtown. 30,625 SF under roof on 3.46 Acres. The current Tenant is on a month-to-month lease agreement and pays significantly below market rent. The current lease rate is $2,631.81/month and has occupied the space since February 1, 2020. There is significant room for improving the lease rate on this site for the next owner. Zoning: LR-3 & C-3 (Local Retail & Commercial) | Permitted Uses (not limited to): Auto Sales, Boat Sales, Restaurant, Car Wash, Bowling Alley, Medical or Dental Laboratory, Dance Hall

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$73 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.46

LAND SF

150,718

ZONING

LR-3 & C-3

APN/PARCEL ID

R000004-280

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.