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FORMER Mitsubishi 3915 W Wall St 15,610 SF Retail Building Midland, TX 79703 $1,950,000 ($124.92/SF)
Investment Highlights
- high traffic
- boat sales
- car lot/ rv/ truck sales
Executive Summary
Incredible Opportunity here to get a Whopping 2.85 acres on one tract with Wall St. Frontage (20,387 Traffic count per day) and Bankhead Highway rear Frontage (3,339 traffic count per day). Ideal Fleet Oil Service station for BIG Trucks/ 18 wheelers, Plenty of room, close to the interstate. SQFT Footprint at 14600 SQ/Showroom-offices @ 5400 Sq. The shop and mechanics lounge @ 9200 Sq. Renovated Appraised Value $3.86M; As-is Appraised value $2.42M (4-6-23)
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
15,610 SF
Building Class
C
Year Built
1976
Price
$1,950,000
Price Per SF
$124.92
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
2.86 AC
Zoning
C3
Parking
80 Spaces (5.12 Spaces per 1,000 SF Leased)
Frontage
375’ on Wall St
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Professional, Scientific, and Technical Services
- -
- -
- -
Mitsubishi Corporation was newly founded in the 1950s after the postwar reorganization of Mitsubishi Shoji and later adopted the Mitsubishi Corporation name. The company operates as an integrated trading and investment business across multiple industries, with activity centered on energy and power, materials, mineral resources, urban development and infrastructure, mobility, food industry, and smart-life creation. Mitsubishi Corporation maintains a global network and a broad group structure that supports business development and operations across markets.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Professional, Scientific, and Technical Services | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R000028-480 | Improvements Assessment | $1,345,420 |
| Land Assessment | $192,270 | Total Assessment | $1,537,690 |
Property Taxes
Parcel Number
R000028-480
Land Assessment
$192,270
Improvements Assessment
$1,345,420
Total Assessment
$1,537,690
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Contact the Sale Advisor
FORMER Mitsubishi | 3915 W Wall St