3301 Bankhead Hwy
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3301 Bankhead Hwy
30,625 SF Industrial Building Midland, TX 79701 $3,254,625 CAD ($106 CAD/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 | $3,254,625 CAD | Lot Size | 3.46 AC |
| Price Per SF | $106 CAD | Rentable Building Area | 30,625 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1954 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C |
| Price | $3,254,625 CAD |
| Price Per SF | $106 CAD |
| 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 |
| No. Stories | 1 |
| Year Built | 1954 |
| Tenancy | Single |
AMENITIES
- Signage
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | R000004-280 | Improvements Assessment | $394,166 CAD |
| Land Assessment | $219,532 CAD | Total Assessment | $613,698 CAD |
PROPERTY TAXES
Parcel Number
R000004-280
Land Assessment
$219,532 CAD
Improvements Assessment
$394,166 CAD
Total Assessment
$613,698 CAD
ZONING
| Zoning Code | LR-3 & C-3 (Local Retail & Commercial) |
| LR-3 & C-3 (Local Retail & Commercial) |
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3301 Bankhead Hwy
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