Value Add Industrial - 23,688 SF | 1503 W Industrial Ave
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Value Add Industrial - 23,688 SF 1503 W Industrial Ave
23,688 SF Industrial Building Midland, TX 79701 $350,000 ($15/SF)
Investment Highlights
- 23,688 SF of Warehouse Space
- 20' Clear Height Throughout
- 1,528 AADT (TxDOT Annual Average Daily Traffic)
- (3) Overhead Doors
- Built in 1957
Executive Summary
Situated on a sizable 0.61 AC lot, this conveniently located warehouse offers space and accessibility. Located on W. Industrial Ave, with easy access to I-20 in central Midland. This warehouse presents a value-add opportunity for potential buyers. With a spacious interior spanning over 23,688 SF, it offers ample room for various business operations. The facility boasts three convenient overhead doors, enhancing accessibility for loading and unloading operations. Additionally, the warehouse features a generous 20-foot clear height throughout.
Taxes & Operating Expenses (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $350,000 | Rentable Building Area | 23,688 SF |
| Price Per SF | $15 | No. Stories | 1 |
| Sale Type | Owner User | Year Built | 1957 |
| Property Type | Industrial | Clear Ceiling Height | 20 FT |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 0.61 AC |
| Price | $350,000 |
| Price Per SF | $15 |
| Sale Type | Owner User |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 0.61 AC |
| Rentable Building Area | 23,688 SF |
| No. Stories | 1 |
| Year Built | 1957 |
| Clear Ceiling Height | 20 FT |
| No. Drive In / Grade-Level Doors | 3 |
PROPERTY TAXES
| Parcel Number | R000046-543 | Total Assessment | $229,490 |
| Land Assessment | $52,800 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $176,690 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
R000046-543
Land Assessment
$52,800
Improvements Assessment
$176,690
Total Assessment
$229,490
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | C3 |
| C3 |
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Value Add Industrial - 23,688 SF | 1503 W Industrial Ave
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