702 Andrews HwyMidland, TX 79701

Property Details for 702 Andrews Hwy

Lot size

1.03 AC

Property size (Sq ft)

3,099 SF

Property type

Retail properties

Property subtype

Office properties

Description

This exceptional investment opportunity presents a 3,099 square foot office building situated on a 1.03-acre lot in Midland, Texas. Located at 702 Andrews Hwy, this Class B property is zoned LR and offers a prime location amidst established businesses including Grand Buffet, Burger King, Whataburger, Chicken Express, Valero, and Pinkies Liquor. The property features ample parking, with a ratio of 8.17 spaces per 1,000 square feet. The main building, constructed in 1972, is currently configured as executive and/or medical office space. A second building on the site is slated for demolition, presenting significant potential for redevelopment or expansion. The asking price is $1,690,000, and the lease type is NNN. The property's single-story design and convenient location make it an attractive option for a variety of uses. The property's APN is R000214-648. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Texas market. The property's size and zoning provide flexibility for future development and adaptation to evolving market demands. This offering presents a strong return on investment potential for discerning buyers.

Location Insight

City

Midland

County

Midland

State

Texas

Latitude

31.9987

Longitude

-102.107

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