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Commercial Land With Existing Building
New
For Sale
$60,000

700 E Texas Ave, Midland, TX 79701

Commercial Sale, Midland, TX

Property Size1,898 SF
Lot Size0.16 Acres
Price / SF$31.61
Days on Market1

Property Features for 700 E Texas Ave

General Information

Property type Commercial Sale
Property subtype Other
Subdivision Original Town
Standard status Active
Size 1,898 SF
Lot size 0.16 Acres

Taxes and HOA fees

Tax Description Acres: 0.161 Blk: 047 Lot: 004 N.50 Addn: Original Town
Tax Annual Amount 1071
Legal Description Acres: 0.161 Blk: 047 Lot: 004 N.50 Addn: Original Town

Building Details

Year built 1929
Listing Agency: D. E. The Home Boss Group
Listed By: Donavon Earl · License #809777
Added: Aug 29 Last Checked: Aug 29 at 7:06PM
MLS# 50097899

Copyright © 2026 Permian Basin Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 0.16-acre commercial land parcel at 700 E Texas Ave in Midland includes an existing 1,898-square-foot building constructed in 1929. The structure formerly served as a restaurant and is being offered in its current condition, with no representation regarding its condition or usability.

The corner location provides frontage along two streets and convenient access. Open site area is available alongside the existing improvement, supporting consideration of renovation, repurposing, expansion, or redevelopment. The property is positioned in Midland, TX 79701.

Key Highlights

  • 0.16‑acre commercial land parcel
  • Existing 1,898‑square‑foot former restaurant building
  • Building constructed in 1929

Property Analytics

Current Use

PRICE'S RESTAURANT Restaurant Price's Restaurant

Suggested Use

Top Pick Dental Office Pharmacy Grocery & Convenience Store Gym & Fitness Center Furniture & Home Goods Skin Care Clinic

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

1,239
Businesses Nearby
13k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 61% Groceries 39%
Dollar General Shops & Services
6,983 visits/mo 0.4 miles
Lowe's Market Groceries
4,837 visits/mo 0.2 miles
Advance Auto Parts Shops & Services
739 visits/mo 0.3 miles

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 Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Corner-site parcel with a former restaurant structure, dual-street frontage, and room for additional site development.
Where is this commercial land located?
The property is located at 700 E Texas Ave Midland, TX.
What is the asking price?
The asking price for this property is $60,000.
What are key features of this property?
This property features: 0.16‑acre commercial land parcel; Existing 1,898‑square‑foot former restaurant building; Building constructed in 1929
More about this property
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