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Mixed-Use Property with Shop
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1505 W County Rd 117, Midland, TX 79706

Multi-building property combines residential accommodations, insulated workspace, entertainment space, and covered vehicle storage.

Property SizeContact for details
Days on Market190

Property Features for 1505 W County Rd 117

General Information

Standard status Active
Total Parking Spaces 6
Property subtype Mixed Use

Building Details

Year Built 2009
Buildings 4
Stories 1
Tenancy Multi
Listing Agency: Lanier Real Estate, LLC
Listed By: Dale Lookabaugh · License #License #619875
Source: Crexi
Added: Feb 23 Changed: Aug 31 Last Checked: Sep 1 at 9:44AM

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 Lanier Real Estate, LLC

Investment Insights

Based on property information with market context.

This mixed-use property, built in 2009, spans approximately 2.00 acres and includes several distinct improvements. The primary workspace is an approximately 6,000-square-foot insulated shop with a half bath, two overhead doors, and secure bays. A separate metal building is plumbed and wired for four apartments; one apartment is finished and rented. Covered vehicle storage is provided by a four-bay carport.

Residential and recreational improvements add further flexibility. The brick residence contains five bedrooms, two and one-half bathrooms, and an office. An additional entertainment building includes two stone fireplaces, a full bathroom, and a bar. Each building has HVAC and a water heater, while site utilities include a 41 GPM shared well, shared septic, and a single electric meter.

Key Highlights

  • Approximately 2.00 acres with multiple residential, workspace, and recreational improvements
  • Approximately 6,000‑square‑foot insulated shop with half bath, two overhead doors, and secure bays
  • Metal building plumbed and wired for 4 apartments; one is finished and rented

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick HVAC Service Hair Salon (Bike/Boat/Book/etc) Store Grocery & Convenience Store Nail Salon Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

156
Businesses Nearby

Demographics for 79706, TX

31,805
Population
12,368
Households
2.6
Avg Household Size
32
Median Age
23%
College-Educated
87%
High-School Grad
689.5 sq mi
ZIP Area
46
Density / Sq Mi
$110,988
Median Household Income
$58,023
Median Earnings
$897
Median Rent
$280,500
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Multi-building property combines residential accommodations, insulated workspace, entertainment space, and covered vehicle storage.
Where is this mixed-use property located?
The property is located at 1505 W County Rd 117 Midland, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Approximately 2.00 acres with multiple residential, workspace, and recreational improvements; Approximately 6,000‑square‑foot insulated shop with half bath, two overhead doors, and secure bays; Metal building plumbed and wired for 4 apartments; one is finished and rented
More about this property
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