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$60,000

700 E Texas Ave, Midland, TX, 79701

On MarketInfo
Just AddedInfo
CommercialInfo
Baths0 Bath
Baths1,898 Sq Ft
RestaurantRestaurant
price_per_sqft$31.61 / sqft
Year BuiltBuilt in 1929

About this property

Prime corner-lot investment opportunity with an existing former restaurant building with redevelopment potential. The property offers frontage on two streets, convenient access, and ample open space for expansion, or a new concept. Existing structure is being sold as-is with no representation as to condition or usability. Renovate, repurpose, or redevelop the site to fit your vision. Great opportunity for an investor, developer, or business owner!

Investor Tools

$0Estimated Mortgage Balance
$56,650Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$360 /month
Positive
Cash Flow Estimate:
$120 /month

Interested in this property?

Donavon Earl

D.E. The Home Boss Group LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$93/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Midland

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700 E Texas Ave | Property Details | No Agent List