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

  • Over 20 Years of Success at this Freestanding Dry Cleaner and Drive-Thru Opportunity – Includes Business and Real Estate
  • 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 excited to offer an exceptional investment opportunity to acquire both the business and fee-simple interest in a freestanding, drive-thru Dry Clean Super Center in Midland-Odessa MSA. This asset provides investors and owner-users with a chance to secure a cash-flowing business with over 20 years of successful operation at this location. Dry Clean Super Center is a full-service dry cleaning and laundry business that features the added convenience of a drive-thru service. Positioned along a high-traffic retail corridor, the property benefits from excellent visibility at a signalized intersection in Midland, TX, which experiences over 46,600 vehicles per day. The property is well-maintained, offering ample parking and a modern, attractive facade that creates a welcoming environment for customers. Midland is a rapidly growing community with a robust economic base, including a thriving oil and gas sector. The Dry Clean Super Center is strategically located near apartment buildings, 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 property represents a unique opportunity to acquire a prime commercial business and real estate with a well-established tenant in a prosperous and expanding market.

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

Profitable Dry Clean Business + Real Estate

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

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.