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2406 Connell St - .58 AC of Developable Land 0.57 Acres of Commercial Land Offered at $850,000 in Midland, TX 79701
Investment Highlights
- Zoned: Residential | Possibility to Rezone
- I-20 Corridor is Rapidly Developing, Creating an Incredible Investment or Development Opportunity
- Near to Major Hotels, Amenities, and Just 0.6 Miles from the Permian Basin Petroleum Museum, a Major Tourist Attraction & Educational Destination
- Surrounded by Commercial, Retail, Hospitality & Multifamily Properties
- High-Visibility Location at the Intersection of Rankin Hwy & Interstate 20 (One of the Most Trafficked Corridors in Midland with 24/7 Exposure)
Executive Summary
0.58 +/- AC of Developable Land
(1) Existing Structure Standing Built in 1950 Totaling 1,500 +/- SF (According to Appraisal District)
Zoned: Residential | Possibility to Rezone
Listing is 1 of 7 Contiguous Parcels Totaling Approximately 1.86 +/- AC | AC Meet Typical Requirements for Hotel Development with Ample Room for Parking
Surrounded by Commercial, Retail, Hospitality & Multifamily Properties
I-20 Corridor is Rapidly Developing, Creating an Incredible Investment or Development Opportunity
Parcel ID: R000028740
High-Visibility Location at the Intersection of Rankin Hwy & Interstate 20 (One of the Most Trafficked Corridors in Midland with 24/7 Exposure)
Near to Major Hotels, Amenities, and Just 0.6 Miles from the Permian Basin Petroleum Museum, a Major Tourist Attraction & Educational Destination
(1) Existing Structure Standing Built in 1950 Totaling 1,500 +/- SF (According to Appraisal District)
Zoned: Residential | Possibility to Rezone
Listing is 1 of 7 Contiguous Parcels Totaling Approximately 1.86 +/- AC | AC Meet Typical Requirements for Hotel Development with Ample Room for Parking
Surrounded by Commercial, Retail, Hospitality & Multifamily Properties
I-20 Corridor is Rapidly Developing, Creating an Incredible Investment or Development Opportunity
Parcel ID: R000028740
High-Visibility Location at the Intersection of Rankin Hwy & Interstate 20 (One of the Most Trafficked Corridors in Midland with 24/7 Exposure)
Near to Major Hotels, Amenities, and Just 0.6 Miles from the Permian Basin Petroleum Museum, a Major Tourist Attraction & Educational Destination
Property Facts
| Price | $850,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.58 AC |
| Property Type | Land | ||
| Zoning | R - Residential - Possibility to Rezone | ||
| Price | $850,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.58 AC |
| Zoning | R - Residential - Possibility to Rezone |
1 Lot Available
Lot
| Price | $850,000 | Lot Size | 0.57 AC |
| Price Per AC | $1,491,228.07 |
| Price | $850,000 |
| Price Per AC | $1,491,228.07 |
| Lot Size | 0.57 AC |
Great Investment Opportunity with Prime Centralized Location
Description
High-Visibility Location at the Intersection of Rankin Hwy & Interstate 20 (One of the Most Trafficked Corridors in Midland with 24/7 Exposure) – Near to Major Hotels, Amenities, and Just 0.6 Miles from the Permian Basin Petroleum Museum, a Major Tourist Attraction & Educational Destination
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | R000028-740 | Improvements Assessment | $76,850 |
| Land Assessment | $50,000 | Total Assessment | $126,850 |
Property Taxes
Parcel Number
R000028-740
Land Assessment
$50,000
Improvements Assessment
$76,850
Total Assessment
$126,850
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2406 Connell St - .58 AC of Developable Land
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