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Midland Reporter Telegram 201 E Illinois Ave 30,396 SF Office Building Midland, TX 79701 $3,800,000 ($125.02/SF)
INVESTMENT HIGHLIGHTS
- A RARE OPPORTUNITY TO OWN A PIECE OF MIDLAND'S HISTORY!
- THE PROPERTY FEATURES GENEROUS SQUARE FOOTAGE, OPEN FLOOR PLAN AND SOLID INDUSTRIAL BONES
- THIS EXPANSIVE FORMER MIDLAND REPORTER-TELEGRAM BUILDING OFFERS ENDLESS POTENTIAL FOR REDEVELOPMENT OR ADAPTIVE REUSE
EXECUTIVE SUMMARY
A RARE OPPORTUNITY TO OWN A PIECE OF MIDLAND'S HISTORY! THIS EXPANSIVE FORMER MIDLAND REPORTER-TELEGRAM BUILDING OFFERS ENDLESS POTENTIAL FOR REDEVELOPMENT OR ADAPTIVE REUSE. THE PROPERTY FEATURES GENEROUS SQUARE FOOTAGE, OPEN FLOOR PLAN AND SOLID INDUSTRIAL BONES - IDEAL FOR CREATIVE OFFICE SPACE, RETAIL, WAREHOUSE CONVERSION, EVENT VENUE OR MIXED-USE REDEVELOPMENT. THE SITE PROVIDES AMPLE PARKING., PLUS EASY ACCESS TO MAJOR THROUGHFARES IN THE HEART OF MIDLAND. WITH ITS LEGACY AS A CORNERSTONE OF THE COMMUNITY AND ITS FLEXIBLE LAYOUT, THIS PROPERTY IS A BLANK CANVAS READY TO BE TRANSFORMED. WHETHER YOU ARE AN INVESTOR, DEVELOPER OR BUSINESS OWNER, THE POSSIBILITIES ARE ONLY LIMITED BY YOUR IMAGINATION.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
30,396 SF
Building Class
C
Year Built
1960
Price
$3,800,000
Price Per SF
$125.02
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
15,198 SF
Building FAR
0.35
Lot Size
1.98 AC
Zoning
C & CB - Commercial
Parking
145 Spaces (4.77 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | R000035-111 | Improvements Assessment | $1,747,780 |
| Land Assessment | $87,990 | Total Assessment | $1,835,770 |
PROPERTY TAXES
Parcel Number
R000035-111
Land Assessment
$87,990
Improvements Assessment
$1,747,780
Total Assessment
$1,835,770
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Midland Reporter Telegram | 201 E Illinois Ave
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