Commercial Land for School
For Lease
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5501 Thomason Dr, Midland, TX 79703
Site is slated for a legacy high school with groundbreaking planned for summer 2025 and opening targeted for fall 2028.
Lot Size1.05 Acres
Days on Market463
Property Features for 5501 Thomason Dr
General Information
Standard status
Active
Lot size
1.05 Acres
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 25
Last Checked: Jul 30 at 10:02AM
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 offering is associated with the planned development of a Legacy High School. The project lists a groundbreaking in summer 2025 and an opening targeted for fall 2028, with an approximate $450M build and an academic capacity of 3,800 students.
Public remarks also indicate the Legacy High School is located across the street from Westridge Land. The same development effort includes updates and renovations to five middle schools and the construction of a second new Midland High School in the Lone Star Trails subdivision.
Additional stated projects include a new elementary school to be built in northeast Midland. The broader West Texas context is described as anchored in the Permian Basin, with public remarks citing energy production statistics.
Public remarks also indicate the Legacy High School is located across the street from Westridge Land. The same development effort includes updates and renovations to five middle schools and the construction of a second new Midland High School in the Lone Star Trails subdivision.
Additional stated projects include a new elementary school to be built in northeast Midland. The broader West Texas context is described as anchored in the Permian Basin, with public remarks citing energy production statistics.
Key Highlights
- Site slated for a legacy high school with groundbreaking planned for summer 2025
- Planned opening targeted for fall 2028
- School project budget is approximately $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 - Site is slated for a legacy high school with groundbreaking planned for summer 2025 and opening targeted for 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: Site slated for a legacy high school with groundbreaking planned for summer 2025; Planned opening targeted for fall 2028; School project budget is approximately $450M
