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2501 W County Rd 114

Midland, TX 79706
  • $750,000
  • STATUS: Active Under Contract
  • ON SITE: 435 Days
  • MLS #: 50039723
Under Contract
UPDATED: 24 min ago
$750,000
  • 0
    BEDS
  • 2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 21,908
    SQFT
  • $34
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2014
County:
Area:
Ms2

School Ratings & Info

Description

Value-add Investment with major return potential OR low-basis owner/user opportunity! This property has 13 separate units totaling 20,400 SF of rentable warehouse space plus a 1,508 SF house that has been utilized for offices on 2 Acres of land. The units range in size from 1,000 SF to 4,000 SF and each have at least (1) 14' overhead door. This property is priced well below replacement cost and projected cash flow after a lease-up period show the potential for 17% to 20+% annual returns.

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© 2022 Permian Basin Board of Realtors®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed and should be independently verified. Data last updated: 2022-08-19T18:43:01.933.
www.raftercrossrealty.com/homes/118055253
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2501 W County Rd 114 Midland, TX 79706

  • Price: $750,000
  • Status: Active Under Contract
  • On Site: 435 Days
  • Updated: 24 min ago
  • MLS #: 50039723
0
Beds
0
Baths
0
½ Baths
2
Acres
21,908
SQFT
$34
$/SQFT
2014
Built
Neighborhood:
Other
County:
Midland
Area:
Ms2
Property Description
Value-add Investment with major return potential OR low-basis owner/user opportunity! This property has 13 separate units totaling 20,400 SF of rentable warehouse space plus a 1,508 SF house that has been utilized for offices on 2 Acres of land. The units range in size from 1,000 SF to 4,000 SF and each have at least (1) 14' overhead door. This property is priced well below replacement cost and projected cash flow after a lease-up period show the potential for 17% to 20+% annual returns.
Exterior Features

Road Frontage County Road Roof Metal

Property Features

Commercial Type Industrial/Commercial Source Sq Ft Owner

Listing information © 2022 Permian Basin Board of Realtors®.
Listing provided courtesy of Justin Dodd of Justin Dodd: 4324327976.




© 2022 Permian Basin Board of Realtors®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed and should be independently verified. Data last updated: 2022-08-19T18:43:01.933.
 
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Rafter Cross Realty
822 South Main Street, P.O. Box 8
Lovington NM, 88260