Commercial Land in Midland,
For Sale
$500,000
501 Texas Ave, Midland, TX 79701
LAND - Midland, TX
Property SizeContact for details
Lot Size0.32 Acres
Days on Market156
Property Features for 501 Texas Ave
General Information
Property type
Land
Property subtype
Other
Zoning
Commercial
Subdivision
Original Town
Elementary school
Dezavala
Middle school
Alamo
High school
Midland
Elementary school district
Midland
Middle school district
Midland
High school district
Midland
Standard status
Active
Lot size
0.32 Acres
Taxes and HOA fees
Tax Description
Acres: 0.321, BLK: 042, LOTS: 006 & 7, ADDN: ORIGINAL TOWN
Tax Annual Amount
417
Legal Description
Acres: 0.321, BLK: 042, LOTS: 006 & 7, ADDN: ORIGINAL TOWN
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Water source
Public
Listing Agency:
Black Orchid Real Estate
(432) 813-3538
Listed By:
Leo Salcido · License #0603525
(432) 557-4487
Added: Mar 22
Changed: Jun 19
Last Checked: Aug 24 at 11:06AM
MLS# 50093731
Copyright © 2026 Permian Basin Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial land is a corner lot, suitable for establishing a new business. The property is located close to downtown and offers accessibility to Highway 80. The lot size is 0.321 acres and is zoned for commercial use. The property is located in Midland, Texas.
Key Highlights
- Corner Lot offers excellent visibility.
- Ready for New Business, bring your vision!
- Close to Downtown, enjoy the city's amenities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,027
Businesses Nearby
Explore this area
Business Placement
Demographics for 79701, TX
29,748
Population
11,393
Households
2.6
Avg Household Size
33
Median Age
19%
College-Educated
73%
High-School Grad
12.1 sq mi
ZIP Area
2,459
Density / Sq Mi
$57,679
Median Household Income
$36,213
Median Earnings
$1,336
Median Rent
$204,000
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Corner lot suitable for new business, near downtown and Highway.
Where is this commercial land located?
The property is located at 501 Texas Ave Midland, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Corner Lot offers excellent visibility.; Ready for New Business, bring your vision!; Close to Downtown, enjoy the city's amenities.
