Log In/Sign Up
Your email has been sent.
2406 Connell St - .58 AC of Developable Land 0.57 Acres of Commercial Land Offered at $850,000 in Midland, TX 79701
Investment Highlights
- 0.58 ± AC Developable Land with existing 1,500 ± SF structure (built 1950)
- Part of 7 contiguous parcels (~1.86 ± AC total) suitable for hotel or large-scale development
- Surrounded by retail, hospitality, multifamily, and commercial developments
- Zoned Regional Retail (RR) supporting a variety of commercial uses
- Prime location at Rankin Hwy & I-20 with high visibility and strong traffic exposure
- Located along the rapidly growing I-20 corridor, just 0.6 miles from the Permian Basin Petroleum Museum
Executive Summary
2406 Connell Street offers a highly visible development opportunity along Midland’s active I-20 corridor, near the intersection of Rankin Highway and Interstate 20. The site is surrounded by hotels, multifamily communities, restaurants, retailers, and commercial services, creating a strong setting for users seeking visibility, access, and built-in demand.
The property includes 0.58 +/- acres with an existing 1,500 +/- SF structure and is part of a larger 7-parcel area totaling approximately 1.86 +/- acres. With potential assemblage upside and rezoning opportunity, the site may be well-suited for a restaurant, franchise, pad site, hospitality, or future commercial redevelopment use.
The property includes 0.58 +/- acres with an existing 1,500 +/- SF structure and is part of a larger 7-parcel area totaling approximately 1.86 +/- acres. With potential assemblage upside and rezoning opportunity, the site may be well-suited for a restaurant, franchise, pad site, hospitality, or future commercial redevelopment use.
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 | RR - Regional Retail | ||
| Price | $850,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.58 AC |
| Zoning | RR - Regional Retail |
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
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
2406 Connell St - .58 AC of Developable Land
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.