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Two-Story Multi-Tenant Office Building
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500 W Ohio Ave, Midland, TX 79701

Two-story, multi-tenant office building with shared hallways and restrooms, totaling about 15,372 square feet.

Property Size15,372 SF
Lot Size0.26 Acres
Days on Market50

Property Features for 500 W Ohio Ave

General Information

Standard status Active
Size 15,372 SF
Lot size 0.26 Acres
Property subtype Office
Investment Type Value Add

Building Details

Year Built 1954
Stories 2
Tenancy Multi
Listing Agency: Moriah Brokerage Services
Listed By: Mike Gresback · License #703217-SA
Source: Crexi
Added: Jul 13 Changed: Aug 24 Last Checked: Aug 30 at 8:34PM

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.

500 W Ohio Ave is a two-story, multi-tenant office building constructed in 1954. The property includes shared common areas such as hallways and restrooms, and it has been maintained and updated over time, including a recent roof replacement and ongoing preventative maintenance.

The building is located at the corner of Ohio Street and Marienfeld Street in downtown Midland, Texas. It is one block from Big Spring Street and less than one mile from the Midland CBD, surrounded by major energy and professional services firms tied to Permian Basin activity.

The first floor contains 9,028 square feet and the second floor contains 6,344 square feet, providing a total of 15,372 square feet across both levels.

Key Highlights

  • Two‑story, multi‑tenant office building built in 1954 with shared common areas including hallways and restrooms
  • Total approx. 15,372 SF: 9,028 SF on the first floor and 6,344 SF on the second floor
  • Located at the corner of Ohio Street and Marienfeld Street in downtown Midland, TX

Property Analytics

Current Use

W Burgess Wade, ... Law Firm Lambdin I.T. Consulting Computer & Electronic Repair Powers Brian K Law Firm Barker a S Gas Company

Suggested Use

Top Pick Dental Office Pharmacy Gym & Fitness Center Big Box & Wholesale Store Parking Lot & Garage Grocery & Convenience Store

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

2,298
Businesses Nearby

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 Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Two-story, multi-tenant office building with shared hallways and restrooms, totaling about 15,372 square feet.
Where is this office building located?
The property is located at 500 W Ohio Ave Midland, TX.
What are key features of this property?
This property features: Two‑story, multi‑tenant office building built in 1954 with shared common areas including hallways and restrooms; Total approx. 15,372 SF: 9,028 SF on the first floor and 6,344 SF on the second floor; Located at the corner of Ohio Street and Marienfeld Street in downtown Midland, TX
(432) 682-2510 Call to check price and availability
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