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

Updated downtown office property with shared hallways and restrooms across two floors.

Property Size15,372 SF
Lot Size0.26 Acres
Days on Market9

Property Features for 500 W Ohio Ave

General Information

Standard status Active
Size 15,372 SF
Class C
Lot size 0.26 Acres
Property subtype Office - General Office

Building Details

Building Size 15,372 SF
Year Built 1954
Buildings 1
Stories 2
Tenancy Multi
Listing Agency: Moriah Brokerage Services
Listed By: Mike Gresback
Source: Commercialcafe
Added: Aug 15 Changed: Aug 16 Last Checked: Aug 18 at 7:22AM

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.

This two-story office building provides a multi-tenant configuration with shared hallways and restrooms. The property contains 15,372 square feet, including 9,028 square feet on the first floor and 6,344 square feet on the second. Constructed in 1954, it has received ongoing maintenance and updates, including a recent roof replacement.

The property occupies approximately 0.257 acres at the intersection of Ohio Street and Marienfeld Street in downtown Midland. It is one block from Big Spring Street and less than one mile from the Midland CBD. Nearby commercial activity includes ConocoPhillips, Permian Resources, Diamondback Energy, Double Eagle, OGX Minerals, Community National Bank, and other energy and professional services firms.

Key Highlights

  • 15,372 SF two‑story office building with multi‑tenant configuration
  • 9,028 SF on the first floor and 6,344 SF on the second floor
  • Approximately 0.257 acres at 500 W Ohio Ave

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.

Lease Details

Multi-tenant
Tenancy

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 - Updated downtown office property with shared hallways and restrooms across two floors.
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: 15,372 SF two‑story office building with multi‑tenant configuration; 9,028 SF on the first floor and 6,344 SF on the second floor; Approximately 0.257 acres at 500 W Ohio Ave
More about this property
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