2 acres on E I-20 and Terrell

Vacant Land for Sale
Catylist Listing ID: 30567627
Property Subtypes: Hospitality, Multi-Family, Retail, Retail-Pad, Other
Gross Land Area: 2.01 Acres
Sale Price: $525,000
Unit Price: $261,194 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/5/2021

Overview / Comments

High visibility corner lot on Interstate 20 and Terrell. Zoned I-20 Business park. Cleared and ready for development. Next to a retail center and in the thick of a growing hotel and retail area. Mock site plan available for review. Would make a great spot for a hotel or a bevy of other uses. Seller is looking at all offers.

Additional Details

Nearest MSA: Midland
County: Midland
Taxing Authority: MIDCAD
Tax ID/APN: 039200021100
Property Located Between: Midland and Stanton
Property Visibility: Excellent
Legal Description: Legal: Acres: 2.008, S/2, SEC: 2, BLK: 39-T2S
Largest Nearby Street: Ineterstate 20
Feet of Frontage: 187
Highway Access: North Service Road of I-20
Airports: MAF west 12 miles
Site Description: Cleared and ready for development. City utilities on the east side of the property
Area Description: Just east of Wal Mart. Retail, hotel, and multi Family in the immediate vicinity
Lot Frontage: 187 feet
Lot Depth: 465 Feet
Zoning Description: Multiple use district designed to encourage development along the I-20 Corridor
Topography: Level
Easements: Pipelines
Easements Description: Pipelines. Survey uploaded
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,483 37,052 100,250
Median Age: 29.55 32.42 33.25
Households: 2,228 12,654 36,971


Photograph of Listing Agent

Cameron Willmann

Keller Williams Realty Midland
West Texas CIE Member
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