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Flex Space with Drive-Through Bay
For Sale
$1,499,999

1506 E New Jersey Ave, Midland, TX 79701

Office and industrial improvements include specialized rooms, storage areas, security features, and an open shed.

Property Size17,678 SF
Lot Size2.81 Acres
Price / SF$84.85
Days on Market22

Property Features for 1506 E New Jersey Ave

General Information

Standard status Active
Size 17,678 SF
Lot size 2.81 Acres

Warehouse & Industrial

Office Build-Out 6,949 SF
Drive-In Doors 1

Amenities

Restrooms w/Showers
IT Room
Conference Room
Kitchen
Security System

Building Details

Year Built 1987
Buildings 2
Building Size 17,678 SF
Listing Agency: NRG Realty Group, LLC
Listed By: Amy Brasher Barnett · License #514276
Source: Rickerlooney
Added: Aug 10 Changed: Aug 31 Last Checked: Aug 31 at 4:04AM

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 NRG Realty Group, LLC

Investment Insights

Based on property information with market context.

This flex-space property contains 17,678 total SF across 2.81 acres, with 6,949 SF dedicated to office space. The office component includes restrooms with showers, an IT room, conference room, kitchen, and security system. Adjacent apartments are also identified within the improvements.

The industrial portion at 1506 New Jersey includes a 100' x 70' parts cage, drive-through bay, holding tanks, M3 manual gates, open shed, and 22' eave height. The property address is 1506 E New Jersey Ave in Midland, Texas, and the building was constructed in 1987.

Key Highlights

  • 17,678 Total SF on 2.81 Acres
  • 6,949 SF office component with kitchen, conference room, IT room, and restrooms with showers
  • 100' x 70' parts cage at 1506 New Jersey

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Big Box & Wholesale Store Building Supply Hair Salon

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

Lease Details

1
Drive-in doors

Location Intelligence

Trade Area within ½ mile

253
Businesses Nearby
Under-served
Demand for This Use

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

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
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Office and industrial improvements include specialized rooms, storage areas, security features, and an open shed.
Where is this flex space located?
The property is located at 1506 E New Jersey Ave Midland, TX.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: 17,678 Total SF on 2.81 Acres; 6,949 SF office component with kitchen, conference room, IT room, and restrooms with showers; 100' x 70' parts cage at 1506 New Jersey
More about this property
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