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    2501 W County Rd 114

    Midland, TX 79706
    • $899,000
    • STATUS: Active
    • ON SITE: 14 days
    • MLS #: 50039723
    UPDATED: 55 min ago
    $899,000
    • 0
      BEDS
    • 2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 21,908
      SQFT
    • $41
      $/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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    © 2021 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: 2021-06-24T20:43:02.407.
    www.raftercrossrealty.com/homes/118055253
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    2501 W County Rd 114 Midland, TX 79706

    • Price: $899,000
    • Status: Active
    • Updated: 55 min ago
    • MLS #: 50039723
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2
    Acres
    21,908
    SQFT
    $41
    $/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 © 2021 Permian Basin Board of Realtors®.
    Listing provided courtesy of Justin Dodd of Justin Dodd: 4324327976.




    © 2021 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: 2021-06-24T20:43:02.407.
     
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    Rafter Cross Realty
    822 South Main Street, P.O. Box 8
    Lovington NM, 88260