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33938918
33938935

Rex Odom Drive, Midlothian, TX 76065

DF
TX 0433415
Unpriced
14 days on market
Updated 14 days ago

Midlothian Light industrial 11 Acres with city sewer

Details
Property Type Industrial
Sub Type Distribution, Flex (+1)
Square Footage 479,160
Cap Rate 19.00%
NOI $2,000,000
Tenancy Vacant
Class A
Acreage 11.000
Zoning Light Industrial land partnership or purchase
Investment Type Redevelopment
Ground Lease No
Ownership Midway Business Park, Llc
Sale Condition For sale by owner

About This Property

Marketing description

Midlothian Light Industrial Zoned 11 Acres for owner financing , partnership, cash offer, or trade land for building bring all offers!

This is the only Midlothian light industrial zone 11 acres with city sewer easement along the Hwy 287 Corridor ready to build tomorrow! property has 400’ off road frontage on Rex Odem drive by Midway Airport 30 sec from Hwy 287.

Just submit plans to city for permits!

Open to owner financing, cash offer, partnership, giving land for free in exchange for 21,000 sq ft building built by buyer

Investment highlights

130,000 -160,000 sq ft buildout possible

$24/ sq ft with net $20 sq ft possible with half office half warehouse feasible based on major developer who builds this product in Mansfield. For of their customers this year can from Midlothian that has no availability or warehouse

Net $16 per sq ft possible with 90% warehouse 10% office with bathroom overhead garage door.

There is an extreme shortage of warehouse space in the Hwy 287 Corridor. This land borders Midway Airport on Rex Odem with amazing beautiful drive up appeal. It is 30 seconds from Hwy 287. There is no other 11 acre site already zoned light industrial with an actual city sewer easement written into the city charter!

This property is centrally located three minutes from Waxahachie and the I35 corridor, 6 minutes from Hwy 67 and Hwy 287 intersection twenty minutes from Mansfield and 23 minutes from the city of Dallas.

you can reach this property with 7 minutes from all perimeter home locations in Midlothian

Owner seeks to monetize the property and it’s open to cash sale, joint partnership, owner financing, sub divide of the property or is also considering building out himself with partner or by himself.

bring all offers! any ideas for joint partnership or any 1031 exchange ideas . Owner also open to construction/ company developer taking the land for free in exchange for construction/developer building owner a 175’ x 120’ warehouse tilt wall or chopped block on the north frontage of Rex Odem Drive.

Listing Contacts

DF
TX 0433415

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$2,000,000.00
$166,666.67/mo

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Additional Information

Name
glenn watson
License
249893
Brokerage
watson commercialmajesty investment
Brokerage Phone
+1 (972) 861-2444
Title
Broker of Record
Brokerage Address
3824 cedar springs rd dallas tx 75219
Name
david fielden
License
0433415
Brokerage
briggs freeman
Brokerage Phone
8172818080
Title
realtor
Brokerage Address
2101 East Southlake Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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