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5702 TX-349 3.25 Acres of Commercial Land Offered at $875,000 in Midland, TX 79706
INVESTMENT HIGHLIGHTS
- 64 Units
- 3 Bedroom X 2 Bath 2 Car Garage
- Additional Storage Building W Electric Could be an office
- 2250 Sq Ft Home
- Fully Fenced with Programmable Security Gate and Camera System
- One Space Rented For Rv Storage, 3.25 acres
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $875,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Self Storage |
| No. Lots | 1 | Total Lot Size | 3.25 AC |
| Property Type | Land |
| Price | $875,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Self Storage |
| Total Lot Size | 3.25 AC |
1 LOT AVAILABLE
Lot
| Price | $875,000 | Lot Size | 3.25 AC |
| Price Per AC | $269,230.77 |
| Price | $875,000 |
| Price Per AC | $269,230.77 |
| Lot Size | 3.25 AC |
Acres: 3.250 NE/4 SEC: 27 BLK: 39-T2S
DESCRIPTION
This is one of only two self storage centers located on S HWY 349. There are 32 10/10 units, and 32 10/20 units as well as a 1848 sq ft manufactured home with 3 bedrooms, 2 bathrooms, and a 2 car garage. Storage units are fully fenced with a programmable security gate and camera monitoring. There is an additional storage building inside the storage fence with electricity that could be rented or utilized as an office. Additionally there is one open space rented for a RV storage. Storage currently at 54% occupancy and home is leased at $2600/month. (FINANCIALS AVAILABLE UPON REQUEST)
PROPERTY TAXES
| Parcel Number | R000006-626 | Improvements Assessment | $436,280 |
| Land Assessment | $97,500 | Total Assessment | $533,780 |
PROPERTY TAXES
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5702 TX-349
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