Address
2501 W County Rd 114 Midland, TX
Price
$ 899,000
Property Attributes
  • MLS#50039723
  • TypeCommercial
  • CountyMIDLAND
  • CityMidland
  • AreaMS2
  • Zip79706
  • StyleIndustrial/Commercial
  • Price$ 899,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage21908
  • Lot Size2 Acres
Listing Provided Courtesy Of:
Justin Dodd
Data Source:
Permian Basin BOR (PBBOR) - 288 - TX
Property Description

Value-add Investment with major return potential OR low-basis owner/user opportunity! This property has 13 separate units totaling 20,400 SF of rentable warehouse space plus a 1,508 SF house that has been utilized for offices on 2 Acres of land. The units range in size from 1,000 SF to 4,000 SF and each have at least (1) 14' overhead door. This property is priced well below replacement cost and projected cash flow after a lease-up period show the potential for 17% to 20+% annual returns.

Price History
6/9/2021 Listed $899,000

General Features

Road Frontage County Road
Roof Metal
Subdivision Other
Year Built 2014

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 79706

Price
AVG $3.11M
$900K
Visits
AVG 39
27
Year Built
AVG 2003
2014

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