4218 W Wadley Ave - Freestanding FOR SALE


Midland, TX 79707
$1,499,000 USD
469-916-8811
4218 W Wadley Ave, Midland, TX for Sale
$1,499,000 USD
Freestanding - FOR SALE
1/5
null | Request Cap Rate

4218 W Wadley Ave
Midland, TX 79707


HIGHLIGHTS

  • Ideal for Owner-Users, Investors, or Redevelopment – 4,070 SF Freestanding Drive-Thru Building on 0.84 Acres in the Heart of Midland
  • Flexible Regional Retail (RR) Zoning – Permits a wide range of commercial uses including retail, restaurant, medical, and service-based businesses
  • 4,415+ Apartment Units in a 1-Mile Radius from the Subject Property
  • Subject Property is Minutes Away from Midland College, a prominent community college with over 5,400 enrolled students and 800+ employees.
  • High-Visibility Location Near a Strong Signalized Intersection in Midland, TX that sees over 46,600+ VPD.
  • Other neighboring retailers include Walmart, Target, H-E-B, Home Depot, Lowe’s, Kohls, United Supermarkets, Prosperity Bank, AutoZone and many more

OVERVIEW

The EngVest Group is pleased to present an exceptional opportunity to acquire the fee-simple interest in a 4,070 SF freestanding drive-thru building situated on 0.84 acres in the growing Midland-Odessa MSA. Strategically positioned at a signalized intersection along a high-traffic retail corridor in Midland, TX—with over 46,600 vehicles per day—this property offers outstanding visibility, access, and long-term upside. Zoned Regional Retail (RR), the site is well-suited for a wide range of commercial uses, including retail trade, QSR, medical, and low-impact service operations. This flexible zoning enhances the appeal for investors, owner-users, and developers alike. Currently operating as a full-service dry cleaning business with over 20 years of successful operation, the property provides immediate income potential. For owner-users, the existing infrastructure—complete with a functional drive-thru—offers a turnkey location. Alternatively, investors can pursue a value-add strategy or complete redevelopment to unlock higher and better use. Surrounded by dense residential neighborhoods, apartments, schools, and major national retailers such as Walmart, Target, H-E-B, Home Depot, and United Supermarkets, the site benefits from strong consumer traffic and an established commercial presence. This offering represents a rare chance to acquire a versatile asset in a high-growth, economically resilient market with strong fundamentals and multiple exit strategies.

FOR SALE DETAILS

PRICE

$1,499,000 USD

PRICE/SF

$368 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Freestanding Drive-Thru Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,682 SF

ZONING

LR2

APN/PARCEL ID

R000106-178

ASK ABOUT THIS PROPERTY

Austin CheExp Commercial of California, Inc.More Info
469-916-8811

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Austin CheExp Commercial of California, Inc.More Info
469-916-8811

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