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Contact Information

Brandon McMorries
4400 N. Big Spring Street
Suite C-30
Midland TX 79705
(432) 664-8264 Cell
(432) 618-0286 Office
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Listing Details
List Price: $324,500
MLS Number: 50060491
Apx Total SqFt: 2230
Buildings: 1
Ceiling Height: Less than 20 ft
Cooling: Electric
Heating: Central, Electric
Full Baths:  
Parking: Other-See Remarks
Property Type: Retail
Public Remarks: Remodeled, updated 3-unit strip center on high traffic highway- TXDOT traffic count- over 4, 500/day. Excellent condition. Each unit has it's own electric meter, hvac system, and restroom. Two units leased, middle unit is available: $800/Month/Min 1 yr lease. Can be full owner occupy; or income producing portfolio investment; or mixture of both. Running about a 9% capitalization rate, and that's conservative. Hard to find that high of a cap. rate for commercial property anywhere in real estate.
Road Frontage: City Street, Other
Street Number: 407
Street Name: Lamesa Hwy