2900 Elkins Rd 13,150 SF 47% Leased Industrial Building Midland, TX 79705 $750,000 ($57.03/SF)

The property is a two-building industrial asset situated on 3.48 acres of land, offering a total of 13,150 square feet of space. The buildings feature metal construction and have a total of 12 grade-level doors, providing easy access for loading and unloading. The property is divided into five units, with only 2% of the space dedicated to office use. This leaves a significant amount of room for industrial or warehouse activities. The property's design and layout make it an attractive option for businesses that require easy access and ample space. The metal construction of the buildings also provides a durable and low-maintenance option for owners. The property's size and layout make it suitable for a variety of industrial uses.
The property includes a vacant 7,000-square-foot facility and a 6,150-square-foot building that is fully occupied by three auto mechanics on month-to-month gross leases. This creates a unique opportunity for investors, as they can choose to lease up the vacant space or occupy it themselves. The month-to-month leases provide a steady stream of income, while the vacant space offers the potential for additional revenue. The property's location and design make it an attractive option for a variety of businesses, from industrial users to owner-occupiers. The fact that the property is priced below replacement cost makes it an even more appealing option for investors. The property's value is further enhanced by its location, which provides easy access to major transportation routes. The surrounding area is also experiencing low vacancy rates and limited new construction.
The property is located inside Loop 250 at the intersection of Elkins Road and County Road 72, just 3.8 miles from Interstate20. This strategic location provides easy access to major transportation routes, making it an ideal location for businesses that require quick and easy shipping and receiving. The Midland market is also experiencing a low vacancy rate of 8.6% and limited new construction, with only 0.3% of inventory under construction at the start of 2026. The annual rent growth in the area was -0.7% in 2025, indicating a stable and competitive market. The property's location and market conditions make it an attractive option for investors and owner-occupiers alike. The limited availability of industrial space in the area, with only two other buildings available for lease within a two-mile radius, further enhances the property's value and potential for long-term appreciation. The property's unique combination of location, design, and market conditions make it a rare and valuable opportunity in the Midland market.