3205 Wall StMidland, TX 79701

For Sale
$5,530,000

Midland, TX Storefront Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 38,164-square-foot retail property, situated on a 5.38-acre lot in Midland, Texas, presents a compelling investment opportunity. Located on West Wall Street, this prime location boasts approximately 620 feet of frontage and benefits from high traffic counts, averaging 14,841 vehicles daily, according to the 2022 TxDOT Annual Average Daily Traffic report. The property comprises four buildings, offering flexibility for various development scenarios, including potential subdivision and separate leasing. Currently occupied by Sewell Automotive under a lease expiring January 31, 2027, the tenant has indicated they will not renew. The current lease generates a monthly net rent of $30,000. The property is zoned RR & C, permitting a wide range of uses, including auto sales, restaurants, car washes, and more. City utilities, police and fire protection are readily available. The asking price is $5,530,000, translating to $144.90 per square foot. This property is outside of any designated flood-prone areas and offers significant potential for future income generation and appreciation. The property's size, location, and zoning flexibility make it an ideal investment for discerning buyers seeking a high-traffic, versatile commercial asset in a thriving Texas market.

Highlights

  • High-traffic auto sales and service facility.
  • Located within city limits with access to city utilities, police, fire protection, and outside flood plain.
  • Zoned RR & C, allowing for diverse uses including auto sales, restaurants, and more.
  • +/- 620 feet of frontage on W. Wall Street.
  • High traffic count of approximately 14,841 average daily vehicles (2022 data).

Property Details for 3205 Wall St

Property type
Other retail properties, Individual retail properties
Square Feet
38,164 SF
Year Built
1958
Buildings
4
Lot Size (sq. ft)
234,353 SF

Location Insight

City
Midland
County
Midland
State
Texas
Latitude
31.9838748
Longitude
-102.1075729
3205 Wall St, Midland, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3205 Wall St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message