3301 Bankhead HwyMidland, TX 79701

For Sale
$2,250,000

30,625 SF Flex/Warehouse, 3.46 Acres

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 30,625-square-foot flex/warehouse property sits on a generous 3.46-acre lot in Midland, Texas. Located at 3301 Bankhead Highway, this prime location offers convenient access to downtown Midland (within 2 miles) and major highways. Currently leased on a month-to-month basis at a significantly below-market rate of $2,631.81 per month (since February 1, 2020), this presents a substantial opportunity for increased rental income. The property benefits from city utilities (water and sewer), police and fire protection, and is situated outside of a flood-prone area. Zoned LR-3 & C-3 (Local Retail & Commercial), permitted uses are diverse and include, but are not limited to, auto sales, boat sales, restaurants, car washes, bowling alleys, medical or dental laboratories, and dance halls. Bankhead Highway boasts approximately 1,510 average daily traffic counts (2022 data), further highlighting the property's strong potential. The asking price for this exceptional investment opportunity is $2,250,000. This property offers a unique blend of retail and industrial uses, making it an attractive investment for a variety of businesses. The current tenant's below-market lease provides immediate upside potential for the new owner.

Highlights

  • City limits location with city water, sewer, police, and fire protection; outside flood plain.
  • LR-3 & C-3 zoning allows for diverse commercial uses including auto/boat sales, restaurants, car washes, and more.
  • +/- 400 feet of frontage on Bankhead Highway.
  • Approx. 1,510 average daily traffic count (2022).

Property Details for 3301 Bankhead Hwy

Property type
Other warehouses, Other industrial properties
Square Feet
30,625 SF
Lot Size (sq. ft)
150,718 SF

Location Insight

City
Midland
County
Midland
State
Texas
Latitude
31.9833617
Longitude
-102.1067369
3301 Bankhead Hwy, Midland, Texas

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3301 Bankhead Hwy
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