W Wadley Ave - Freestanding FOR SALE


Midland, TX 79707
$1,650,000 USD
469-916-8811
W Wadley Ave, Midland, TX for Sale
$1,650,000 USD
Freestanding - FOR SALE
1/4
null | 8.9% Cap Rate

W Wadley Ave
Midland, TX 79707


HIGHLIGHTS

  • Versatile Commercial Property with Drive-Thru – Includes Business and Real Estate with Proven Operational History
  • Strong Affluent Customer Base – Population of 111,434 People in 5-Mile Trade Area with an Average Household Income of $116,953
  • 4,415+ Apartment Units in a 1-Mile Radius from the Subject Property
  • Subject Property is Minutes Away from Midland College, a prominent community college with over 5,400 enrolled students and 800+ employees.
  • High-Visibility Location Near a Strong Signalized Intersection in Midland, TX that sees over 46,600+ VPD.
  • Other neighboring retailers include Walmart, Target, H-E-B, Home Depot, Lowe’s, Kohls, United Supermarkets, O’Reilly’s Auto Parts and Many More

OVERVIEW

The EngVest Group is pleased to present a prime value-add opportunity to acquire a freestanding, drive-thru commercial property in the heart of the Midland-Odessa MSA. This property offers flexible zoning, allowing for a wide range of commercial, retail, and industrial uses, making it ideal for an owner-user seeking to establish their business or an investor exploring redevelopment potential. Alternatively, the next owner can continue operating a full-service dry cleaning and laundry business, benefiting from the existing infrastructure and customer base. Positioned along a high-traffic retail corridor, the property boasts excellent visibility at a signalized intersection in Midland, TX, with over 46,600 vehicles per day. The well-maintained building features ample parking and a modern facade, creating a welcoming environment for customers. Midland is a rapidly growing community with a diverse economic base, including a thriving oil and gas sector. The property is strategically located near apartment complexes, residential neighborhoods, schools, and major national retailers, ensuring a steady flow of foot traffic. Nearby retailers include Walmart, Target, H-E-B, Home Depot, and United Supermarkets. This offering presents a unique opportunity to acquire a versatile commercial asset in a booming market, whether for continued dry cleaning operations, a value-add repositioning, or redevelopment to capitalize on Midland’s expanding economy.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$405 USD /SF

CAP RATE

8.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Freestanding Drive-Thru Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

-

APN/PARCEL ID

R000106-178

ASK ABOUT THIS PROPERTY

Austin CheExp Commercial of California, Inc.More Info
469-916-8811

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Austin CheExp Commercial of California, Inc.More Info
469-916-8811

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.