Midland, TX 79706 5108 FM 307
$1,044,000
16 more
Presented By: The Real Estate Ranch LLC
SQFT • 8,840
Home Details
Fantastic Opportunity to Build your Rental Income Or Add to Existing Portfolio in Greenwood ISD on 2.93 Acres w/ 195' of Frontage to FM 307 (4) Leased Units (3) w/ New 2 years. Rocks Throw to I-20, Close to Business Parks, & Greenwood ISD. Could be a possible value add by adding a few RV Spots. Work has been Done for you Wealth Starts Accruing Day 1.
Presented By: The Real Estate Ranch LLC
Interior Features for 5108 FM 307
Other Interior Features
LivingAreaSourceOther
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesCeiling Height: Less than 20 ft
General for 5108 FM 307
Attached Garage No
Building Area UnitsSquare Feet
Cap Rate10
Carport Y/NNo
CityMidland
Construction MaterialsOther
CoolingOther-See Remarks
CountyMidland
DirectionsLocated directly off FM 307, GPS friendly.
FreeholdIDX, BBO
Garage Y/NNo
HOANo
HeatingOther-See Remarks
Land Lease Y/NNo
Lease TypeModified Gross Leases
Legal Description2.93 acres out of, NW/4NW/4, SEC: 3, BLK: 38-T2S
LevelsOther-See Remarks
Living Area UnitsSquare Feet
Lot Size Square Feet127630.8
Lot Size UnitsAcres
MLS AreaMG4
ModificationTimestamp2025-06-06T15:37:00.000Z
New ConstructionNo
Occupancy TypeOccupied
Parcel NumberR000212437
Property Attached Y/NNo
Property SubtypeCommercial
Property TypeCommercial Sale
Rent Control Y/NNo
RoofOther
SewerSeptic Tank
Showing InstructionsCall Listing Office
Standard StatusActive
StatusActive
Subdivision Name38-T2S
Tax Annual Amount0
UtilitiesElectricity Connected
Exterior for 5108 FM 307
Building Area Total8840
FencingPipe
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres2.93
Lot Size Area2.93
Road Frontage TypeCounty Road
Road Surface TypePaved
SpaNo
Water SourcePrivate, Well, With Pump
Additional Details
Price History
Jessica Dodge
Broker Associate, Realtor