3301 Bankhead Hwy
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3301 Bankhead Hwy
30,625 SF Industrial Building Midland, TX 79701 £1,777,522 (£58/SF)
Investment Highlights
- Within City Limits: City Utilities (Water & Sewer), Police & Fire Protection, Outside of Flood Prone Area
- Traffic Counts: +/- 1,510 Average Daily Traffic (2022)
- Bankhead Hwy: +/- 400 FT
Executive Summary
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
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
Property Facts
| Price | £1,777,522 | Lot Size | 3.46 AC |
| Price Per SF | £58 | Rentable Building Area | 30,625 SF |
| Sale Type | Investment or Owner User | Number of Floors | 1 |
| Property Type | Industrial | Year Built | 1954 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C |
| Price | £1,777,522 |
| Price Per SF | £58 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 3.46 AC |
| Rentable Building Area | 30,625 SF |
| Number of Floors | 1 |
| Year Built | 1954 |
| Tenancy | Single |
Amenities
- Signage
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | R000004-280 | Improvements Assessment | £216,257 |
| Land Assessment | £120,445 | Total Assessment | £336,702 |
PROPERTY TAXES
Parcel Number
R000004-280
Land Assessment
£120,445
Improvements Assessment
£216,257
Total Assessment
£336,702
zoning
| Zoning Code | LR-3 & C-3 (Local Retail & Commercial) |
| LR-3 & C-3 (Local Retail & Commercial) |
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Wes Gotcher -
Trey Dennis -
Stephanie Gauthier -
Moriah Brokerage Services, LLC
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3301 Bankhead Hwy
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