4600 WEST WALL STREET (MIDLAND, TX)

VACANT

4600 WEST WALL STREET, MIDLAND, TX 79703
Price :
$ 2,600,000
Lot Size :
4.70 acres
Year Built :
1967/2009
Property Area :
24,040 sqft
Status :
AVAILABLE
MARKETING PACKAGE

By downloading the Marketing Package (“Offering Memorandum”) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

 

Investment Highlights

• 24,040-Square-Foot Industrial Asset, Situated on 4.70 Acres
• Metal Construction, Featuring Six Grade-Level Doors and 16’ Clear Height
• Over 12,000 Square Feet of Shop Space was Added on to Original Structure in 2009
• Vacant Sale Ideal for Owner-User in Need of High Visibility Location or Investor Lease-Up Opportunity
• Concrete Parking Lot Surrounds the Main Building, with Ample Outside Storage to the Rear of the Property
• 1.02 Acres on the North Side of Property is Zoned MF-22 for Multifamily, Allowing for Development of Residential Units for Workforce Housing
• High Traffic Area Near the Intersection of Interstate 20 Business Loop and Loop 250, for Easy Access Across the City

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 4600 West Wall Street in Midland, Texas. The subject property consists of approximately 24,040 square feet of space and is situated on 4.70 acres of land. The asset features metal construction, six grade level doors, and 16’ clear height. Over 12,000 square feet of shop space was added on to the original structure in 2009. A concrete parking lot surrounds the main building, with ample outside storage to the rear of the property. This vacant sale is ideal for an owner-user in need of a high
visibility location, or as a lease-up opportunity. In addition, there are 1.02 acres on the north side of property that are zoned MF-22 (multifamily), allowing for development of residential units for workforce housing. The subject property is located in a high-traffic area near the intersection of Interstate 20 Business Loop and Loop 250 for easy access across the city.

Located in West Texas, the Midland-Odessa metro is considered to be an energy capital as the Permian Basin is one of the biggest oil fields in the world and is home to some of the largest petroleum-producing companies. The metro consists of Martin, Midland, and Ector counties. The public sector is a top job provider, but the private sector is driving the economic growth. The two largest cities are Midland with nearly 140,000 residents and Odessa with roughly 120,000 residents.

Midland is the center of America’s oil and gas production. Petroleum production and all things in between are prevalent in the area, but Midland is making great efforts and succeeding in diversifying into additional industries such as aerospace. Interstate 20 runs through Midland, making it easy to transport goods and raw materials throughout the country. Rated the No. 1 state for business by U.S. corporate executives, this is an excellent place to start or grow a business in Texas. (midlandtxedc.com). Major employers include: Halliburton, Hilliard, Legacy Reserves, Midland College, Midland Health, Patterson-UTI, Pioneer Natural Resources, Schlumberger, Weatherford, Baker Hughes, Chevron, ConocoPhillips, Bloomberg, and more.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2020 Marcus & Millichap. All rights reserved. (Activity ID: ZAB0060015)

Exclusive Listing

Davis Cagle
(972) 755-5230
Lic # TX : 722097
Adam Abushagur
(972) 755-5223
Lic # TX : 661916

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