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Signature Property For Sale 3205 W Wall St 25,633 SF Retail Building Midland, TX 79701 $5,530,000 ($215.74/SF)
INVESTMENT HIGHLIGHTS
- Property Current Use: Auto Sales & Services
- Zoning: RR & C | Permitted Uses: Auto Sales, Boat Sales, Restaurant, Car Wash, Bowling Alley, Medical or Dental Laboratory, Dance Hall
- Traffic Counts: +/- 14,841 Average Daily Traffic (2022)
- Within City Limits: City Utilities (Water & Sewer), Police & Fire Protection, Outside of Flood Prone Area
- W. Wall Street Frontage: +/- 620 FT
EXECUTIVE SUMMARY
Prime Retail-Industrial opportunity near Downtown Midland on Wall Street with quick and easy highway access. 14,841 vehicles drive past this signature property daily - according to TxDOT's Annual Average Daily Traffic report.
38,164 SF under roof on 5.38 Acres. With 4 buildings on site, the property offers any investor a unique opportunity to divide the property and lease separate. The current Tenant, Sewell Automotive, has a lease that expires on January 31, 2027 and communicated they do not intend to renew their lease and will be relocating. The Tenant pays $30,000.00/month, NNN.
38,164 SF under roof on 5.38 Acres. With 4 buildings on site, the property offers any investor a unique opportunity to divide the property and lease separate. The current Tenant, Sewell Automotive, has a lease that expires on January 31, 2027 and communicated they do not intend to renew their lease and will be relocating. The Tenant pays $30,000.00/month, NNN.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
25,633 SF
Building Class
C
Year Built/Renovated
1958/2010
Price
$5,530,000
Price Per SF
$215.74
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
5.38 AC
Zoning
RR & C - Zoning: RR & C | Permitted Uses (not limited to): Auto & Boat Sales, Restaurant, Car Wash, Bowling Alley, Medical or Dental Laboratory, Dance Hall
Parking
39 Spaces (1.52 Spaces per 1,000 SF Leased)
Frontage
77’ on West Wall Street
AMENITIES
- Signage
- Monument Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R000004-321 | Improvements Assessment | $2,045,330 |
| Land Assessment | $81,680 | Total Assessment | $2,127,010 |
PROPERTY TAXES
Parcel Number
R000004-321
Land Assessment
$81,680
Improvements Assessment
$2,045,330
Total Assessment
$2,127,010
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Signature Property For Sale | 3205 W Wall St
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