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4218 W Wadley Ave
Midland, TX 79707
Freestanding Drive-Thru Opportunity · Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • Ideal for Owner-Users, Investors, or Redevelopment – 4,070 SF Freestanding Drive-Thru Building on 0.84 Acres in the Heart of Midland
  • 4,415+ Apartment Units in a 1-Mile Radius from the Subject Property
  • High-Visibility Location Near a Strong Signalized Intersection in Midland, TX that sees over 46,600+ VPD.
  • Flexible Regional Retail (RR) Zoning – Permits a wide range of commercial uses including retail, restaurant, medical, and service-based businesses
  • Subject Property is Minutes Away from Midland College, a prominent community college with over 5,400 enrolled students and 800+ employees.
  • Other neighboring retailers include Walmart, Target, H-E-B, Home Depot, Lowe’s, Kohls, United Supermarkets, Prosperity Bank, AutoZone and many more

EXECUTIVE SUMMARY

The EngVest Group is pleased to present an exceptional opportunity to acquire the fee-simple interest in a 4,070 SF freestanding drive-thru building situated on 0.84 acres in the growing Midland-Odessa MSA. Strategically positioned at a signalized intersection along a high-traffic retail corridor in Midland, TX—with over 46,600 vehicles per day—this property offers outstanding visibility, access, and long-term upside.
Zoned Regional Retail (RR), the site is well-suited for a wide range of commercial uses, including retail trade, QSR, medical, and low-impact service operations. This flexible zoning enhances the appeal for investors, owner-users, and developers alike.
Currently operating as a full-service dry cleaning business with over 20 years of successful operation, the property provides immediate income potential. For owner-users, the existing infrastructure—complete with a functional drive-thru—offers a turnkey location. Alternatively, investors can pursue a value-add strategy or complete redevelopment to unlock higher and better use.
Surrounded by dense residential neighborhoods, apartments, schools, and major national retailers such as Walmart, Target, H-E-B, Home Depot, and United Supermarkets, the site benefits from strong consumer traffic and an established commercial presence.
This offering represents a rare chance to acquire a versatile asset in a high-growth, economically resilient market with strong fundamentals and multiple exit strategies.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,070 SF
Building Class
C
Year Built
2004
Price
$1,499,000
Price Per SF
$368.30
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.82 AC
Zoning
LR2
Frontage
200’ on W Wadley Ave

AMENITIES

  • Pylon Sign
  • Signage
  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R000106-178
Land Assessment
$277,040
Improvements Assessment
$693,190
Total Assessment
$970,230
  • Listing ID: 36722785

  • Date on Market: 7/14/2025

  • Last Updated:

  • Address: 4218 W Wadley Ave, Midland, TX 79707

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