Commercial Land for
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5501 Thomason Dr, Midland, TX 79703
Land identified for a future legacy high school project with planned groundbreaking in summer 2025 and opening in fall 2028.
Lot Size1.00 Acre
Days on Market463
Property Features for 5501 Thomason Dr
General Information
Standard status
Active
Lot size
1.00 Acre
Property subtype
LAND
Listing Agency:
The Retail Connection | Dallas
(214) 236-9501
Listed By:
Steve Greenberg · License #352890
(214) 236-9501
Source:
Moodyscre
Added: Apr 24, 2025
Changed: Jul 28
Last Checked: Jul 30 at 10:56AM
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 The Retail Connection | Dallas
Investment Insights
Based on property information with market context.
This commercial land parcel is referenced as the site for a Legacy High School project. The planned schedule calls for groundbreaking in summer 2025 and an opening targeted for fall 2028. The project is described as an approximately $450M build with academic capacity for 3,800 students.
The property remarks also note that the Legacy High School is located across the street from Westridge Land. Additional district improvements are referenced, including updates and renovations to five middle schools, along with plans for a second new Midland High School in the Lone Star Trails subdivision and a new elementary school to be built in northeast Midland.
The remarks position the broader area as West Texas in the Permian Basin, citing the Permian Basin’s role in energy production and related regional economic strength.
The property remarks also note that the Legacy High School is located across the street from Westridge Land. Additional district improvements are referenced, including updates and renovations to five middle schools, along with plans for a second new Midland High School in the Lone Star Trails subdivision and a new elementary school to be built in northeast Midland.
The remarks position the broader area as West Texas in the Permian Basin, citing the Permian Basin’s role in energy production and related regional economic strength.
Key Highlights
- Land identified for a future legacy high school project
- Planned groundbreaking in Summer 2025 with opening in Fall 2028
- Estimated project build cost of approx. $450M
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Explore this area
Business Placement
Demographics for 79703, TX
21,205
Population
8,110
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,262
Density / Sq Mi
$80,281
Median Household Income
$44,977
Median Earnings
$1,466
Median Rent
$220,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Land identified for a future legacy high school project with planned groundbreaking in summer 2025 and opening in fall 2028.
Where is this commercial land located?
The property is located at 5501 Thomason Dr Midland, TX.
What are key features of this property?
This property features: Land identified for a future legacy high school project; Planned groundbreaking in Summer 2025 with opening in Fall 2028; Estimated project build cost of approx. $450M
