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Investment Highlights
- Clear, level land for development
- Opportunity to combine with additional 2 contiguous lots for a total of .7 acres
- Adjacent to major intersection at Garden City Hwy and Lamesa Rd
Executive Summary
* Three contiguous development lots totaling approximately 16,995 SF (0.39 Acres)
* Located at the highly visible intersection of Florida Avenue and Cloverdale Road
* Existing multifamily zoning
* Potential future commercial or retail redevelopment opportunity (buyer to verify zoning and permitted uses)
* Opportunity to acquire adjacent lots and create a larger assemblage of approximately 28,325 SF (0.65 Acres)
* Surrounded by established commercial development at neighboring corners
* Strong frontage and visibility
* Utilities available in the area (buyer to verify capacity and connection requirements)
* Suitable for multifamily, office, neighborhood retail, professional services, or mixed-use redevelopment
* Midland growth corridor with established residential and commercial density
Property Facts
1 Lot Available
Lot
| Price | $135,000 | Lot Size | 0.39 AC |
| Price Per AC | $346,153.85 |
| Price | $135,000 |
| Price Per AC | $346,153.85 |
| Lot Size | 0.39 AC |
Vacant land offering consists of three contiguous lots totaling approximately 0.39 acres at the corner of S. Lamesa Rd. and Florida Ave. Two adjacent lots are available creating a potential assemblage opportunity.
Description
Development opportunity at the intersection of Florida Avenue and Cloverdale Road in Midland, Texas. This offering consists of three contiguous vacant lots totaling approximately 16,995 square feet (0.39 acres). The property is currently zoned for multifamily development and is strategically positioned at a signalized intersection surrounded by established residential neighborhoods and existing commercial users. The site offers flexibility for investors, developers, and owner-users seeking a location with strong visibility and future redevelopment potential. Several nearby corners of the intersection are already improved with commercial uses, supporting the possibility of future zoning or land use changes, subject to municipal approval. An additional opportunity exists to combine these lots with two adjacent lots currently being marketed separately, creating a potential five-lot assemblage totaling approximately 28,325 square feet (0.65 acres). The larger footprint could support a broader range of development concepts, including retail, office, professional services, multifamily, or mixed-use projects. Buyer to independently verify zoning, permitted uses, utilities, and development requirements.
Contact the Sale Advisor
807 Lamesa Road Rd