Office Suite in Downtown
For Lease
Contact for pricing
500-550 W Texas Ave, Midland, TX 79701
Suite available in Tower Two of the Fasken Center on Texas Avenue in Downtown Midland.
Property Size4,086 SF
Days on Market826
Property Features for 500-550 W Texas Ave
General Information
Standard status
Active
Size
4,086 SF
Property subtype
OFFICE
Lease Type
SF/yr
Listing Agency:
Moriah Brokerage Services
(432) 236-7500
Listed By:
Trey Dennis · License #723150
Source:
Moodyscre
Added: Apr 26, 2024
Changed: Jul 27
Last Checked: Jul 30 at 12:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Moriah Brokerage Services
Investment Insights
Based on property information with market context.
Available suite is located in Tower Two of the Fasken Center, situated on Texas Avenue in Downtown Midland.
The towers are positioned immediately north of Wall Street, a main east-west thoroughfare in the downtown area. The property is within walking distance of Centennial Park, the Bush Convention Center, dining options, and the Midland County Library.
The offering includes office space suitable for a business tenant seeking an office suite within a downtown office complex.
The towers are positioned immediately north of Wall Street, a main east-west thoroughfare in the downtown area. The property is within walking distance of Centennial Park, the Bush Convention Center, dining options, and the Midland County Library.
The offering includes office space suitable for a business tenant seeking an office suite within a downtown office complex.
Key Highlights
- Suite available in Tower Two of the Fasken Center
- Located on Texas Avenue in Downtown Midland
- Situated immediately north of Wall Street, a main east‑west thoroughfare
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,322
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
Market
Lease Benchmarks for Midland, TX
$22.1 /SF/Yr
Avg Asking Price
$12.8–$27.5 /SF/Yr
Price Range
18,887 SF
Avg Space Size
This space is priced 13% above the average of $22.1 /SF/Yr.
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Suite available in Tower Two of the Fasken Center on Texas Avenue in Downtown Midland.
Where is this office units located?
The property is located at 500-550 W Texas Ave Midland, TX.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Suite available in Tower Two of the Fasken Center; Located on Texas Avenue in Downtown Midland; Situated immediately north of Wall Street, a main east‑west thoroughfare
