3301 Bankhead Highway, Midland, TX for sale

Investment Overview

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.

Investment Highlights

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