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4700 W Wall St

5,820 SF Retail Building Midland, TX 79703 $1,750,000 ($301/SF) 6.84% Cap Rate

Retail Space Texas Midland 4700 W Wall St, Midland, TX 79703

Investment Highlights

  • location
  • long term lease

Executive Summary

A CURRENT LEASE IS IN PLACE. $11,000 -$12,000 PER MONTH, NNN, TILL 3-31-2028. OCCUPIED AND APPOINTMENTS ARE REQUIRED. ABSOLUTELY NO WALK-ON TRAFFIC WITHOUT APPT. 5820 TOTAL SQFT. THE TENANT HAS RESERVED IMPROVEMENTS.

Property Facts

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
5,820 SF
Building Class
B
Year Built/Renovated
1950/2018
Price
$1,750,000
Price Per SF
$301
Cap Rate
6.84%
NOI
$119,700
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.15 AC
Zoning
Commercial - Commercial
Parking
64 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
261 FT on West Wall Street

Amenities

  • Accent Lighting
  • Storage Space
  • Air Conditioning

Links

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PROPERTY TAXES

Parcel Number R000004-674 Improvements Assessment $255,460
Land Assessment $64,500 Total Assessment $319,960

PROPERTY TAXES

Parcel Number
R000004-674
Land Assessment
$64,500
Improvements Assessment
$255,460
Total Assessment
$319,960
(432) 349-7000

Contact

  • Listing ID: 31957214

  • Date on Market: 5/29/2024

  • Last Updated:

  • Address: 4700 W Wall St, Midland, TX 79703

More public record information on 4700 W Wall St, Midland, TX 79703

The Retail Property at 4700 W Wall St, Midland, TX 79703 is currently available for sale. Contact Pine & Beckett Realtors for more information.

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4700 W Wall St
(432) 349-7000 x

4700 W Wall St

Chris Beckett

(432) 349-7000

(432) 349-7000

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