Listed by Moriah Real Estate Company, LLC
$5,530,000
3205 W Wall Street
Details
Property Type Retail, Industrial
Sub Type Restaurant, Storefront
Square Footage 38,164
Tenancy Single
Lease Type NNN
Lease Expiration 01/30/2027
Year Built 1958
Buildings 4
Acreage 4.59 - 5.38
Zoning RR & C
Retail | 38,164 SqFt
Marketing description
38,164 SF under roof on 5.38 Acres. With 4 buildings on site, the property offers any investor a unique opportunity to divide the property and lease separate. The current Tenant, Sewell Automotive, has a lease that expires on January 31, 2027 and communicated they do not intend to renew their lease and will be relocating. The Tenant pays $30,000.00/month, NNN.
Prime Retail-Industrial opportunity near Downtown Midland on Wall Street with quick and easy highway access. 14,841 vehicles drive past this signature property daily - according to TxDOT's Annual Average Daily Traffic report.
Investment highlights
- Property Current Use: Auto Sales & Services
- Within City Limits: City Utilities (Water & Sewer), Police & Fire Protection, Outside of Flood Prone Area
- Zoning: RR & C | Permitted Uses (not limited to): Auto Sales, Boat Sales, Restaurant, Car Wash, Bowling Alley, Medical or Dental Laboratory, Dance Hall
- W. Wall Street Frontage: +/- 620 FT
- Traffic Counts: +/- 14,841 Average Daily Traffic (2022)
Listing Contacts
Listed by Moriah Real Estate Company, LLC
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Is there information that looks off?
