Signature Property For Sale | 3205 W Wall St
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Signature Property For Sale 3205 W Wall St
25,633 SF Retail Building Midland, TX 79701 $5,530,000 ($216/SF)
Investment Highlights
- Property Current Use: Auto Sales & Services
- Zoning: RR & C | Permitted Uses: Auto Sales, Boat Sales, Restaurant, Car Wash, Bowling Alley, Medical or Dental Laboratory, Dance Hall
- Traffic Counts: +/- 14,841 Average Daily Traffic (2022)
- Within City Limits: City Utilities (Water & Sewer), Police & Fire Protection, Outside of Flood Prone Area
- W. Wall Street Frontage: +/- 620 FT
Executive Summary
Prime Retail-Industrial opportunity near Downtown Midland on Wall Street with quick and easy highway access. 14,841 vehicles drive past this signature property daily - according to TxDOT's Annual Average Daily Traffic report.
38,164 SF under roof on 5.38 Acres. With 4 buildings on site, the property offers any investor a unique opportunity to divide the property and lease separate. The current Tenant, Sewell Automotive, has a lease that expires on January 31, 2027 and communicated they do not intend to renew their lease and will be relocating. The Tenant pays $30,000.00/month, NNN.
38,164 SF under roof on 5.38 Acres. With 4 buildings on site, the property offers any investor a unique opportunity to divide the property and lease separate. The current Tenant, Sewell Automotive, has a lease that expires on January 31, 2027 and communicated they do not intend to renew their lease and will be relocating. The Tenant pays $30,000.00/month, NNN.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
25,633 SF
Building Class
C
Year Built
1958
Price
$5,530,000
Price Per SF
$216
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
5.38 AC
Zoning
RR & C - Zoning: RR & C | Permitted Uses (not limited to): Auto & Boat Sales, Restaurant, Car Wash, Bowling Alley, Medical or Dental Laboratory, Dance Hall
Parking
39 Spaces
Frontage
77 FT on West Wall Street
Amenities
- Signage
- Monument Signage
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R000004-321 | Improvements Assessment | $2,089,700 |
| Land Assessment | $81,680 | Total Assessment | $2,171,380 |
PROPERTY TAXES
Parcel Number
R000004-321
Land Assessment
$81,680
Improvements Assessment
$2,089,700
Total Assessment
$2,171,380
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Signature Property For Sale | 3205 W Wall St
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